Los Angeles Capital Management & Equity Research Inc. cut its holdings in Dell Technologies Inc (NYSE:DVMT) by 80.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,515 shares of the company’s stock after selling 815,630 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Dell Technologies were worth $19,765,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. FMR LLC boosted its position in Dell Technologies by 5.3% during the second quarter. FMR LLC now owns 7,178,790 shares of the company’s stock worth $607,182,000 after purchasing an additional 361,901 shares in the last quarter. Renaissance Technologies LLC boosted its position in Dell Technologies by 16.7% during the second quarter. Renaissance Technologies LLC now owns 5,549,700 shares of the company’s stock worth $469,394,000 after purchasing an additional 794,800 shares in the last quarter. Canyon Capital Advisors LLC boosted its position in Dell Technologies by 8.1% during the second quarter. Canyon Capital Advisors LLC now owns 3,280,900 shares of the company’s stock worth $277,499,000 after purchasing an additional 245,323 shares in the last quarter. Third Point LLC purchased a new stake in Dell Technologies during the second quarter worth $169,160,000. Finally, Morgan Stanley boosted its position in Dell Technologies by 65.7% during the second quarter. Morgan Stanley now owns 1,684,914 shares of the company’s stock worth $142,512,000 after purchasing an additional 668,217 shares in the last quarter. Hedge funds and other institutional investors own 23.24% of the company’s stock.
Separately, ValuEngine downgraded Dell Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $108.50.
DVMT opened at $98.05 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 2.66. The firm has a market cap of $75.16 billion, a price-to-earnings ratio of 13.96 and a beta of 0.40. Dell Technologies Inc has a one year low of $64.96 and a one year high of $99.40.
Dell Technologies (NYSE:DVMT) last posted its earnings results on Thursday, September 6th. The company reported $1.81 EPS for the quarter. The company had revenue of $22.94 billion for the quarter. Dell Technologies had a positive return on equity of 30.61% and a negative net margin of 3.01%.
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Dell Technologies Profile
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services worldwide. It operates through three segments: Client Solutions Group (CSG), Infrastructure Solutions Group (ISG), and VMware. The CSG segment offers hardware, such as desktop personal computers, notebooks, and workstations; and branded peripherals, including monitors and projectors; third-party software and peripherals; and attached software, peripherals, and services comprising support and deployment, configuration, and extended warranty services.
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