Two Sigma Advisers LP boosted its stake in Dell Technologies Inc (NYSE:DVMT) by 136.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,138,983 shares of the company’s stock after buying an additional 656,382 shares during the quarter. Two Sigma Advisers LP owned approximately 0.15% of Dell Technologies worth $92,577,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in shares of Dell Technologies by 182.2% during the 4th quarter. Renaissance Technologies LLC now owns 3,700,100 shares of the company’s stock valued at $300,744,000 after purchasing an additional 2,389,100 shares in the last quarter. Cheyne Capital Management UK LLP bought a new position in shares of Dell Technologies during the 3rd quarter valued at $2,186,000. JPMorgan Chase & Co. raised its holdings in shares of Dell Technologies by 310.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,063 shares of the company’s stock valued at $77,850,000 after purchasing an additional 763,242 shares in the last quarter. Coatue Management LLC bought a new position in shares of Dell Technologies during the 4th quarter valued at $40,175,000. Finally, Evercore Trust Company N.A. bought a new position in shares of Dell Technologies during the 3rd quarter valued at $31,448,000. Institutional investors own 23.20% of the company’s stock.
Dell Technologies Inc (NYSE:DVMT) opened at $77.34 on Wednesday. Dell Technologies Inc has a 12 month low of $59.92 and a 12 month high of $92.40. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 2.98. The stock has a market cap of $59,842.92, a price-to-earnings ratio of 11.18, a P/E/G ratio of 1.49 and a beta of -0.83.
A number of research analysts recently issued reports on the stock. Stifel Nicolaus lowered shares of Dell Technologies from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Wells Fargo & Co assumed coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They issued an “outperform” rating on the stock. Deutsche Bank assumed coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They issued a “buy” rating and a $114.00 target price on the stock. Gabelli assumed coverage on shares of Dell Technologies in a research note on Wednesday, January 31st. They issued a “buy” rating and a $106.00 target price on the stock. Finally, TheStreet upgraded shares of Dell Technologies from a “d-” rating to a “c-” rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Dell Technologies currently has a consensus rating of “Buy” and a consensus price target of $110.00.
In related news, CEO Michael S. Dell purchased 12,967 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were bought at an average cost of $33.17 per share, for a total transaction of $430,115.39. Following the transaction, the chief executive officer now directly owns 552,241 shares of the company’s stock, valued at approximately $18,317,833.97. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David I. Goulden sold 4,700 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $87.48, for a total transaction of $411,156.00. Following the completion of the sale, the insider now owns 19,955 shares in the company, valued at $1,745,663.40. The disclosure for this sale can be found here. Insiders sold a total of 14,100 shares of company stock worth $1,171,898 over the last quarter. 45.00% of the stock is currently owned by company insiders.
Dell Technologies Profile
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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