Michael Dell (Trades, Portfolio) is the founder and CEO of Dell Inc. (DELL, Financial), a Round Rock, Texas-based computer technology company – one of the world's largest technological corporations. Dell is one of the richest people in the world with an estimated net worth of $18 billion, and his portfolio is managed by MSD Capital, which is owned and controlled by Dell and his family.
In the third quarter, only three stock transactions were done in Dell’s name, and two were reductions.
Dell’s most significant third-quarter transaction was his acquisition of a 6,506,876-share stake in NorthStar Asset Management Group Inc. (NSAM, Financial), a New York-based global asset management company, for an average price of $17.53 per share. The purchase had a 12.46% impact on Dell’s portfolio.
NorthStar Asset Management Group has a market cap of $2.37 billion and an enterprise value of $2.48 billion. It has a P/E of 18.2, a forward P/E of 14.0, a P/B of 8.9 and a P/S of 5.5. GuruFocus has given NorthStar Asset Management Group a Financial Strength rating of 6/10 and a Profitability and Growth rating of 1/10.
Dell became NorthStar Asset Management Group’s leading shareholder among the gurus with the purchase. Louis Moore Bacon (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Jim Simons (Trades, Portfolio), Julian Robertson (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of NorthStar Asset Management Group in their portfolios.
NorthStar Asset Management Group sold for $11.99 per share Tuesday.
Dell reduced his stake in Esterline Technologies (ESL, Financial), a Bellevue, Washington-based maker of products mainly for aerospace and defense customers, by nearly 19%. Dell sold 366,299 shares for an average price of $85.25 per share. The transaction had a -4.31% impact on Dell’s portfolio.
Esterline Technologies has a market cap of $2.64 billion and an enterprise value of $3.41 billion. It has a P/E of 49.3, a forward P/E of 16.0, a P/B of 1.7 and a P/S of 1.5. GuruFocus has given Esterline Technologies a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
First Pacific Advisors (Trades, Portfolio), Steven Romick (Trades, Portfolio), Jim Simons (Trades, Portfolio), Robert Olstein (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) have shares of Esterline Technologies in their portfolios.
On Tuesday Esterline Technologies sold for $89.2 per share.
Dell reduced his stake in WEX Inc. (WEX, Financial), a South Portland, Maine-based provider of payment processing and information management services, by about 4%. Dell sold 20,654 shares for an average price of $99.63 per share. The deal had a -0.29% impact on Dell’s portfolio.
WEX has a market cap of $3.33 billion and an enterprise value of $4.21 billion. It has a P/E of 26.0, a forward P/E of 17.0, a P/B of 3.2 and a P/S of 3.9. GuruFocus has given WEX a Financial Strength rating of 5/10 and a Profitability and Growth rating of 9/10.
Columbia Wanger (Trades, Portfolio), Ron Baron (Trades, Portfolio), Mariko Gordon (Trades, Portfolio), John Keeley (Trades, Portfolio) and Jim Simons (Trades, Portfolio) have shares of WEX in their portfolios.
WEX sold for $86.15 per share Tuesday.
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