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Business

Hedge Funds Increase Positions in Dell Technologies Inc.

Oppenheimer Asset Management Inc. has significantly increased its position in Dell Technologies Inc. (NYSE:DELL) by 31.1% during the 1st quarter, as reported in its recent disclosure with the Securities and Exchange Commission. The firm now holds 6,485 shares of Dell Technologies’ stock, with a value of $740,000.

Raymond James & Associates and Nordea Investment Management AB are among the other hedge funds that have made changes to their positions in Dell Technologies. Raymond James & Associates raised its stake by 27.2% in the fourth quarter, now owning 273,676 shares valued at $20,936,000. Nordea Investment Management AB also increased its stake by 158.3%, now holding 232,231 shares valued at $17,762,000.

Los Angeles Capital Management LLC and Aigen Investment Management LP have also raised their stakes in Dell Technologies. Los Angeles Capital Management LLC’s stake grew by 171.7% in the fourth quarter, now owning 16,378 shares valued at $1,253,000. Aigen Investment Management LP purchased a new stake valued at $410,000.

Furthermore, Assenagon Asset Management S.A. significantly increased its holdings in Dell Technologies by 1,475.2% in the fourth quarter, now owning 290,592 shares valued at $22,230,000. Overall, hedge funds and other institutional investors now own 38.10% of Dell Technologies’ stock.

In insider activity, CEO Michael S. Dell recently sold 139,419 shares of Dell Technologies’ stock at an average price of $136.18 per share, amounting to a total value of $18,986,079.42. Following this transaction, the CEO now holds 30,272,822 shares of the company’s stock, valued at approximately $4,122,552,899.96.

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