Cheyne Capital Management UK LLP Takes Position in Dell Technologies Inc. (DVMT)

Cheyne Capital Management UK LLP bought a new position in Dell Technologies Inc. (NYSE:DVMT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,200,000 shares of the company’s stock, valued at approximately $2,186,000. Dell Technologies comprises about 7.9% of Cheyne Capital Management UK LLP’s holdings, making the stock its 2nd biggest position. Cheyne Capital Management UK LLP owned 0.28% of Dell Technologies at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. IBM Retirement Fund purchased a new stake in shares of Dell Technologies during the 3rd quarter valued at about $234,000. Concentric Wealth Management LLC purchased a new stake in shares of Dell Technologies during the 3rd quarter valued at about $219,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Dell Technologies during the 3rd quarter valued at about $210,000. Bank of New York Mellon Corp increased its position in shares of Dell Technologies by 7.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 768,832 shares of the company’s stock valued at $59,361,000 after purchasing an additional 50,504 shares during the last quarter. Finally, TCW Group Inc. increased its position in shares of Dell Technologies by 1.9% during the 3rd quarter. TCW Group Inc. now owns 63,667 shares of the company’s stock valued at $4,916,000 after purchasing an additional 1,200 shares during the last quarter. 23.32% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Inc. (NYSE DVMT) traded down $1.22 during midday trading on Thursday, hitting $80.27. 1,555,600 shares of the stock traded hands, compared to its average volume of 1,334,755. Dell Technologies Inc. has a 12-month low of $49.72 and a 12-month high of $83.98. The stock has a market cap of $16,310.00 and a price-to-earnings ratio of 12.91. The company has a quick ratio of 0.70, a current ratio of 0.76 and a debt-to-equity ratio of 2.44.

Dell Technologies (NYSE:DVMT) last released its quarterly earnings results on Thursday, September 7th. The company reported $1.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.79. Dell Technologies had a negative net margin of 6.24% and a positive return on equity of 19.45%. The firm had revenue of $19.30 billion during the quarter.

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In related news, insider David I. Goulden sold 4,700 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $76.26, for a total transaction of $358,422.00. Following the completion of the transaction, the insider now directly owns 34,855 shares in the company, valued at approximately $2,658,042.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael S. Dell acquired 13,058 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average price of $25.03 per share, with a total value of $326,841.74. Following the completion of the purchase, the chief executive officer now owns 418,031 shares in the company, valued at approximately $10,463,315.93. The disclosure for this purchase can be found here. Insiders have sold a total of 517,809 shares of company stock valued at $50,749,496 in the last ninety days. Insiders own 45.00% of the company’s stock.

Separately, BidaskClub lowered shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd.

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.

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

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