Dell Technologies Inc. Stock Ticks Higher on Q3 Earnings

Postado Dezembro 08, 2017

Dell Technologies' PC business continues to surge as the company delivered a balanced mix of operating income and revenue by unit. (NYSE:DVMT) by 3.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 225,439 shares of the company's stock after selling 7,673 shares during the quarter. Rhumbline Advisers' holdings in Dell Technologies were worth $17,406,000 as of its most recent SEC filing. Dell Technologies Inc. (DVMT) has 0 billion shares outstanding now, 89.41% of which belong to institutional investors. IL purchased a new position in shares of Dell Technologies during the 3rd quarter valued at approximately $210,000. P Schoenfeld Asset Management LP increased its holdings in shares of Dell Technologies by 14.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dell Technologies by 3.4% during the 3rd quarter. Oakbrook Investments LLC bought a new stake in Dell Technologies during the 3rd quarter valued at approximately $270,000. Institutional investors own 23.03% of the company's stock.

In other Dell Technologies news, major shareholder Dell Technologies Inc sold 435,682 shares of the firm's stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $76.26, for a total value of $358,422.00. Following the completion of the transaction, the insider now owns 30,955 shares in the company, valued at approximately $2,558,740.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 517,809 shares of company stock worth $50,749,496. 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 report on Thursday, November 2nd.

Total Dell Technologies Q3 revenue grew 21% from a year ago, to $19.6 billion and its loss from continuing operations narrowed to $941 million from $1.6 billion. (DVMT) traded up $0.83 during trading hours on Thursday, reaching $75.89. The company's stock had a trading volume of 2,010,436 shares, compared to its average volume of 1,397,138. 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 posted its quarterly earnings data on Thursday, September 7th. The company had revenue of $19.30 billion during the quarter.

Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. "(DVMT)" was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of United States & worldwide trademark & copyright laws.

"In the third fiscal quarter, we delivered solid performance across the business", Tom Sweet, CFO at Dell Technologies Inc, said in a statement.

The company's Client Solutions Group (CSG) continued to outperform the market globally as unit sales inched up 1% and "the overall PC market moved back to positive year-over-year unit growth", Clarke said, citing IDC data.