Dell Technologies Inc (NYSE:DVMT) has been given an average rating of “Buy” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $107.00.
A number of brokerages have recently issued reports on DVMT. Deutsche Bank increased their price objective on shares of Dell Technologies from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, November 16th. ValuEngine cut shares of Dell Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Balter Liquid Alternatives LLC increased its stake in shares of Dell Technologies by 14.9% in the second quarter. Balter Liquid Alternatives LLC now owns 4,232 shares of the company’s stock worth $390,000 after purchasing an additional 548 shares in the last quarter. Assetmark Inc. boosted its position in shares of Dell Technologies by 1.0% during the second quarter. Assetmark Inc. now owns 60,701 shares of the company’s stock worth $5,134,000 after acquiring an additional 604 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Dell Technologies by 7.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,155 shares of the company’s stock worth $774,000 after acquiring an additional 663 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Dell Technologies by 0.9% during the third quarter. Mackenzie Financial Corp now owns 71,405 shares of the company’s stock worth $6,935,000 after acquiring an additional 664 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in shares of Dell Technologies by 8.1% during the second quarter. Whittier Trust Co. now owns 9,399 shares of the company’s stock worth $795,000 after acquiring an additional 708 shares during the last quarter. 22.19% of the stock is owned by hedge funds and other institutional investors.
Shares of DVMT stock opened at $106.00 on Friday. Dell Technologies has a 12 month low of $64.96 and a 12 month high of $107.22. The company has a market cap of $81.88 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.92 and a beta of 0.40. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.88 and a quick ratio of 0.80.
Dell Technologies (NYSE:DVMT) last announced its earnings results on Thursday, September 6th. The company reported $1.81 EPS for the quarter. Dell Technologies had a negative net margin of 3.01% and a positive return on equity of 30.61%. The business had revenue of $22.94 billion during the quarter. As a group, research analysts predict that Dell Technologies will post 6.1 earnings per share for the current year.
Dell Technologies Company 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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