Swiss National Bank reduced its stake in Dell Inc. (NASDAQ:DELL) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 608,525 shares of the technology company’s stock after selling 15,900 shares during the quarter. Swiss National Bank owned about 0.08% of Dell worth $30,913,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Hanson McClain Inc. lifted its stake in Dell by 823.4% in the first quarter. Hanson McClain Inc. now owns 434 shares of the technology company’s stock valued at $25,000 after buying an additional 387 shares during the period. Trustcore Financial Services LLC acquired a new position in Dell in the first quarter valued at approximately $26,000. Israel Discount Bank of New York acquired a new position in Dell in the first quarter valued at approximately $27,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new position in Dell in the first quarter valued at approximately $27,000. Finally, Lindbrook Capital LLC acquired a new position in Dell in the first quarter valued at approximately $28,000. 22.92% of the stock is currently owned by institutional investors.
In related news, insider Allison Dew sold 22,590 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $58.50, for a total transaction of $1,321,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jeffrey W. Clarke sold 303,753 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $52.28, for a total value of $15,880,206.84. The disclosure for this sale can be found here. Insiders have sold 1,599,179 shares of company stock valued at $83,688,997 in the last quarter. 46.00% of the stock is currently owned by corporate insiders.
NASDAQ DELL opened at $49.44 on Thursday. The company has a market cap of $35.53 billion, a price-to-earnings ratio of 8.01 and a beta of 0.47. Dell Inc. has a 52 week low of $42.02 and a 52 week high of $70.55. The business has a 50 day moving average price of $52.77 and a 200-day moving average price of $57.48. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 2.81.
Dell (NASDAQ:DELL) last released its quarterly earnings data on Thursday, May 30th. The technology company reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.30. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. The firm had revenue of $21.91 billion during the quarter, compared to the consensus estimate of $22.24 billion. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Dell Inc. will post 6.23 earnings per share for the current year.
Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.
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