Dell Technologies Inc. (DVMT) Position Trimmed by BB&T Corp

BB&T Corp reduced its stake in Dell Technologies Inc. (NYSE:DVMT) by 73.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,151 shares of the company’s stock after selling 8,591 shares during the quarter. BB&T Corp’s holdings in Dell Technologies were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in DVMT. Cerebellum GP LLC purchased a new stake in Dell Technologies in the fourth quarter valued at approximately $129,000. Roberts Glore & Co. Inc. IL purchased a new stake in Dell Technologies in the third quarter valued at approximately $210,000. Stratos Wealth Partners LTD. purchased a new stake in Dell Technologies in the third quarter valued at approximately $210,000. Concentric Wealth Management LLC purchased a new stake in Dell Technologies in the third quarter valued at approximately $219,000. Finally, Advisor Partners LLC purchased a new stake in Dell Technologies in the fourth quarter valued at approximately $230,000. 23.04% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Inc. (NYSE DVMT) opened at $66.77 on Thursday. Dell Technologies Inc. has a 52-week low of $59.92 and a 52-week high of $92.40. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.78 and a current ratio of 0.85. The company has a market cap of $13,570.00 and a P/E ratio of -11.20.

Dell Technologies (NYSE:DVMT) last issued its quarterly earnings results on Thursday, December 7th. The company reported $1.57 EPS for the quarter. Dell Technologies had a negative net margin of 4.50% and a positive return on equity of 21.53%. equities research analysts predict that Dell Technologies Inc. will post 5.12 EPS for the current fiscal year.

In other news, insider David I. Goulden sold 4,700 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $87.48, for a total value of $411,156.00. Following the transaction, the insider now owns 19,955 shares in the company, valued at $1,745,663.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell bought 14,350 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was purchased at an average price of $32.70 per share, for a total transaction of $469,245.00. Following the acquisition, the chief executive officer now directly owns 539,274 shares of the company’s stock, valued at approximately $17,634,259.80. The disclosure for this purchase can be found here. Insiders have sold 14,100 shares of company stock worth $1,171,898 over the last quarter. Company insiders own 45.00% of the company’s stock.

A number of equities research analysts recently weighed in on DVMT shares. Gabelli started coverage on shares of Dell Technologies in a research note on Wednesday, January 31st. They issued a “buy” rating and a $106.00 target price on the stock. BidaskClub cut shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, ValuEngine upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating in a research report on Monday.

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Dell Technologies Profile

Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. The Company operates through two segments: Client Solutions and Enterprise Solutions Group (ESG). The Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products and notebooks, as well as services and third-party software and peripherals closely tied to the sale of Client Solutions hardware.

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DVMT)

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