Dell Technologies' PC, servers, networking revenue strong in Q3

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Tredje AP fonden increased its holdings in shares of Dell Technologies Inc. (NYSE:DVMT) by 257.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,439 shares of the company's stock after selling 7,673 shares during the quarter. Pinnacle Financial Partners Inc.'s holdings in Dell Technologies were worth $765,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Q3 also marked the 19th-straight quarter of year-over-year PC unit share growth for the company and it was the No. 1 workstation vendor globally, outperforming the industry and seeing positive growth in every major region, it said. Longfellow Investment Management Co. LLC grew its position in shares of Dell Technologies by 316.4% in the third quarter. Following the sale, the insider now owns 34,855 shares of the company's stock, valued at approximately $2,658,042.30. IBM Retirement Fund acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $234,000. LLC now owns 104,100 shares of the company's stock valued at $8,038,000 after acquiring an additional 79,100 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $240,000. Opera Trading Capital now owns 128,757 shares of the company's stock valued at $9,941,000 after purchasing an additional 30,534 shares in the last quarter.

Dell Technologies Inc. (DVMT) has had a 20-day average volume of 1,966,070 shares, with an average of 100% of short term indicators pointed at Sell. (DVMT) traded up $0.83 on Thursday, hitting $75.89. 2,010,436 shares of the stock traded hands, compared to its average volume of 1,397,138. 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.

Technology stocks helped lead the US markets to moderate gains this afternoon, with shares of tech companies in the S&P 500 advancing almost 0.7%.

Dell Technologies (NYSE:DVMT) last released its quarterly earnings data on Thursday, September 7th. It also reported a Q3 GAAP net loss of $941 million, improving on a $1.64 billion operating loss during the same quarter last year, while after excluding one-time items, the company earned nearly $1.11 billion in non-GAAP net income from continuing operations compared with $970 million during the year-ago period. The company had revenue of $19.30 billion during the quarter.

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

In related news, insider David I. Goulden sold 4,700 shares of the firm's stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $109.31, for a total value of $47,624,399.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 517,809 shares of company stock worth $50,749,496.

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