Wells Fargo & Company MN decreased its holdings in shares of Dell Technologies Inc (NYSE:DVMT) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,906 shares of the company’s stock after selling 1,221 shares during the period. Wells Fargo & Company MN’s holdings in Dell Technologies were worth $13,394,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DVMT. Third Point LLC acquired a new stake in shares of Dell Technologies in the 2nd quarter worth approximately $169,160,000. Alpine Associates Management Inc. acquired a new stake in shares of Dell Technologies in the 2nd quarter worth approximately $90,101,000. Renaissance Technologies LLC grew its holdings in shares of Dell Technologies by 16.7% in the 2nd quarter. Renaissance Technologies LLC now owns 5,549,700 shares of the company’s stock worth $469,394,000 after acquiring an additional 794,800 shares during the period. Morgan Stanley grew its holdings in shares of Dell Technologies by 65.7% in the 2nd quarter. Morgan Stanley now owns 1,684,914 shares of the company’s stock worth $142,512,000 after acquiring an additional 668,217 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Dell Technologies by 656.5% in the 3rd quarter. First Trust Advisors LP now owns 694,875 shares of the company’s stock worth $67,486,000 after acquiring an additional 603,026 shares during the period. Institutional investors own 22.93% of the company’s stock.
DVMT has been the topic of a number of research reports. Deutsche Bank upped their price target on Dell Technologies from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, November 16th. ValuEngine cut Dell Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $107.00.
Shares of NYSE:DVMT opened at $104.00 on Friday. The firm has a market cap of $81.12 billion, a price-to-earnings ratio of 16.86 and a beta of 0.47. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.80 and a current ratio of 0.88. Dell Technologies Inc has a one year low of $64.96 and a one year high of $107.22.
Dell Technologies (NYSE:DVMT) last announced its earnings results on Thursday, November 29th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.32. The firm had revenue of $22.48 billion for the quarter. Dell Technologies had a positive return on equity of 30.92% and a negative net margin of 2.84%. As a group, equities research analysts forecast that Dell Technologies Inc will post 6.1 earnings per share for the current year.
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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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