The Dell Technologies Inc (NASDAQ:DVMT) Shares Bought by Pillar Pacific Capital Management LLC

The Dell Technologies Inc (NASDAQ:DVMT) Shares Bought by Pillar Pacific Capital Management LLC

Several other institutional investors also recently made changes to their positions in the company. Steinberg Global Asset Management increased its position 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 in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Dell Technologies by 4.6% in the second quarter. Janney Montgomery Scott LLC now owns 13,531 shares of the company’s stock worth $827,000 after buying an additional 597 shares in the last quarter. Harbour Capital Advisors LLC increased its position 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 in the last quarter. Shell Asset Management Co. increased its position 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 in the last quarter. Finally, Spark Investment Management LLC bought a new position in shares of Dell Technologies during the second quarter worth $11,219,000.

Pillar Pacific Capital Management LLC increased its position in Dell Technologies Inc (NASDAQ:DVMT) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,542 shares of the company’s stock after buying an additional 835 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Dell Technologies were worth $4,433,000 at the end of the most recent reporting period.

Shares of Dell Technologies Inc (NASDAQ DVMT) opened at 64.47 on Wednesday. The company’s 50 day moving average is $62.55 and its 200-day moving average is $64.04. Dell Technologies Inc has a 1-year low of $42.02 and a 1-year high of $69.72. The company’s market capitalization is $49.77 billion.

Dell Technologies (NASDAQ:DVMT) last posted its quarterly earnings results on Thursday, June 8th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.19. Dell Technologies had a negative net margin of 7.76% and a negative return on equity of 43.19%. The company had revenue of $17.82 billion for the quarter. On average, equities research analysts forecast that Dell Technologies Inc will post $4.72 EPS for the current year.

In related news, CEO Michael S. Dell purchased 44,672 shares of Dell Technologies stock in a transaction dated Friday, June 9th. The shares were bought at an average cost of $25.60 per share, for a total transaction of $1,143,603.20. Following the purchase, the chief executive officer now owns 335,043 shares in the company, valued at approximately $8,577,100.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Dell purchased 33,567 shares of Dell Technologies stock in a transaction dated Wednesday, July 26th. The stock was bought at an average price of $31.29 per share, for a total transaction of $1,050,311.43. Following the completion of the purchase, the chief executive officer now owns 404,973 shares in the company, valued at approximately $12,671,605.17. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 20,700 shares of company stock worth $1,328,471.

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.

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