Sei Investments Co. Has $12.78 Million Position in Dell Technologies Inc (DVMT)

Sei Investments Co. increased its position in shares of Dell Technologies Inc (NASDAQ:DVMT) by 76.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 209,192 shares of the company’s stock after buying an additional 90,488 shares during the period. Sei Investments Co.’s holdings in Dell Technologies were worth $12,784,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Shell Asset Management Co. raised its stake in shares of Dell Technologies by 1,067.0% in the second quarter. Shell Asset Management Co. now owns 154,126 shares of the company’s stock worth $9,419,000 after buying an additional 140,919 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Dell Technologies by 189.9% in the second quarter. Great West Life Assurance Co. Can now owns 354,939 shares of the company’s stock worth $21,654,000 after buying an additional 232,496 shares during the period. Harbour Capital Advisors LLC raised its stake in shares of Dell Technologies by 6,010.9% in the second quarter. Harbour Capital Advisors LLC now owns 29,088 shares of the company’s stock worth $476,000 after buying an additional 28,612 shares during the period. Steinberg Global Asset Management raised its stake in shares of Dell Technologies by 3.7% in the second quarter. Steinberg Global Asset Management now owns 3,571 shares of the company’s stock worth $218,000 after buying an additional 127 shares during the period. Finally, Spark Investment Management LLC bought a new stake in shares of Dell Technologies during the second quarter worth about $11,219,000.

Shares of Dell Technologies Inc (DVMT) traded up 0.62% during midday trading on Friday, reaching $66.81. 383,327 shares of the company’s stock were exchanged. Dell Technologies Inc has a one year low of $42.02 and a one year high of $69.72. The stock’s market cap is $51.58 billion. The company’s 50-day moving average is $63.48 and its 200-day moving average is $64.44.

Dell Technologies (NASDAQ:DVMT) last issued its quarterly earnings results on Thursday, June 8th. The company reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.19. Dell Technologies had a negative return on equity of 43.19% and a negative net margin of 7.76%. The firm had revenue of $17.82 billion during the quarter. Equities analysts expect that Dell Technologies Inc will post $4.72 earnings per share for the current fiscal year.

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In related news, insider David I. Goulden sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $62.41, for a total transaction of $499,280.00. Following the completion of the sale, the insider now directly owns 48,955 shares in the company, valued at $3,055,281.55. 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 purchased 44,672 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were purchased at an average price of $25.60 per share, with a total value of $1,143,603.20. Following the completion of the transaction, the chief executive officer now directly owns 335,043 shares of the company’s stock, valued at approximately $8,577,100.80. The disclosure for this purchase can be found here. Insiders have sold 17,400 shares of company stock valued at $1,103,371 over the last quarter.

About Dell Technologies

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.

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

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