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

Remigio Civitarese
Dicembre 8, 2017

(NYSE:DVMT) by 3.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission.

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. Tredje AP fonden's holdings in Dell Technologies were worth $1,878,000 as of its most recent filing with the SEC. Clear Harbor Asset Management LLC bought a new stake in Dell Technologies during the 3rd quarter valued at approximately $240,000. The institutional investor owned 225,439 shares of the company's stock after selling 7,673 shares during the quarter.

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Dell Technologies Inc. Assetmark Inc. now owns 59,826 shares of the company's stock valued at $4,619,000 after purchasing an additional 59,367 shares in the last quarter. LLC grew its position in shares of Dell Technologies by 316.4% in the third quarter. Roberts Glore & Co. Inc.

Dell's posted third quarter results that suggest it is on track to deliver its first profit since acquiring EMC. Finally, Macquarie Group Ltd. increased its holdings in shares of Dell Technologies by 13.9% during the 3rd quarter. Macquarie Group Ltd. now owns 11,500 shares of the company's stock valued at $888,000 after purchasing an additional 1,400 shares in the last quarter.

A number of other hedge funds also recently modified their holdings of DVMT.

Dell Technologies Inc. has a one year low of $53.08 and a one year high of $83.98. (NYSE:DVMT) traded up $0.59 during midday trading on Thursday, reaching $75.06.

The stock's 50-day average volume has been 1,496,074 shares, with an average of 50% of medium term indicators pointing toward Sell.

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

The financial numbers don't yet provide a complete year-over-year comparison, as the previous fiscal year's third quarter data didn't reflect combined company earnings with EMC Corp., the data storage giant Dell acquired in September of 2016. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.79.

By unit, Dell's PC business fared well with third quarter operating income of $672 million on revenue of $10 billion, up 8 percent from a year ago. Dell Technologies had a positive return on equity of 19.45% and a negative net margin of 6.24%.

Separately, BidaskClub downgraded shares of Dell Technologies from a "strong-buy" rating to a "buy" rating in a research report on Thursday, November 2nd. The stock was sold at an average price of $109.31, for a total transaction of $47,624,399.42. Following the transaction, the insider now owns 34,855 shares in the company, valued at $2,658,042.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David I. Goulden sold 72,727 shares of Dell Technologies stock in a transaction on Friday, October 13th. The shares were acquired at an average cost of $32.70 per share, with a total value of $2,667,437.10. The disclosure for this sale can be found here. "(DVMT)" was originally published by TrueBlueTribune and is owned by of TrueBlueTribune.

Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions.

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