Pinnacle Financial Partners Inc. Sells 1386 Shares of Dell Technologies Inc. (DVMT)

Pinnacle Financial Partners Inc. Sells 1386 Shares of Dell Technologies Inc. (DVMT)

Strong demand for servers and networking in the Dell EMC/Infrastructure Solutions Group (ISG) helped Dell Technologies report stronger results for its third quarter (ended November 3) than it did a year ago, according to company executives.

In addition, Dell Technologies said it paid $1.7 billion in debt in the third quarter and has paid down $9.7 billion in gross debt since closing the acquisition of EMC. Rhumbline Advisers' holdings in Dell Technologies were worth $17,406,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Longfellow Investment Management Co. Canada Pension Plan Investment Board now owns 71,031 shares of the company's stock valued at $5,484,000 after purchasing an additional 51,000 shares in the last quarter. Oakbrook Investments LLC purchased a new stake in Dell Technologies during the 3rd quarter valued at about $270,000. P Schoenfeld Asset Management LP increased its holdings in shares of Dell Technologies by 14.2% during the 3rd quarter. The fund owned 426,111 shares of the company's stock after selling 12,983 shares during the period.

In related news, insider David I. Goulden sold 4,700 shares of the firm's stock in a transaction on Tuesday, September 26th. LLC now owns 104,100 shares of the company's stock valued at $8,038,000 after purchasing an additional 79,100 shares in the last quarter. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. (DVMT), there were 76 new positions totaling 2,567,002 shares of the company's stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 517,809 shares of company stock valued at $50,749,496.

Dell Technologies Inc. has a one year low of $53.08 and a one year high of $83.98. (DVMT) traded up $0.83 during trading hours on Thursday, reaching $75.89. Dell Technologies Inc. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 2.44. Dell Technologies Inc. The firm has a market capitalization of $57,548.41, a PE ratio of 11.80 and a beta of 0.08.

Dell Technologies (NYSE:DVMT) last issued its quarterly earnings results on Thursday, September 7th. This is down from its net loss of $1.64 billion that was reported in the same quarter of the previous year. Servers and networking revenue soared 32% from a year ago and 3 percent from the second quarter this year to $3.9 billion. Dell Technologies had a negative net margin of 6.24% and a positive return on equity of 19.45%.

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

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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.