Dimensional Fund Advisors LP Boosts Stake in Dell Technologies Inc (DVMT)

Dimensional Fund Advisors LP grew its stake in shares of Dell Technologies Inc (NYSE:DVMT) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,271,006 shares of the company’s stock after acquiring an additional 4,218 shares during the period. Dimensional Fund Advisors LP owned about 0.17% of Dell Technologies worth $123,440,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Balter Liquid Alternatives LLC raised its position in shares of Dell Technologies by 14.9% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 4,232 shares of the company’s stock worth $390,000 after purchasing an additional 548 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Dell Technologies by 7.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,155 shares of the company’s stock worth $774,000 after purchasing an additional 663 shares during the last quarter. Raymond James & Associates raised its position in shares of Dell Technologies by 0.9% during the 2nd quarter. Raymond James & Associates now owns 77,473 shares of the company’s stock worth $6,553,000 after purchasing an additional 724 shares during the last quarter. DNB Asset Management AS raised its position in shares of Dell Technologies by 3.5% during the 3rd quarter. DNB Asset Management AS now owns 26,575 shares of the company’s stock worth $2,581,000 after purchasing an additional 900 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Dell Technologies by 108.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,966 shares of the company’s stock worth $191,000 after purchasing an additional 1,021 shares during the last quarter. Institutional investors own 22.93% of the company’s stock.

Several brokerages recently issued reports on DVMT. Deutsche Bank lifted their price objective on Dell Technologies from $106.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, November 16th. ValuEngine downgraded Dell Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $107.00.

DVMT stock opened at $104.00 on Friday. The company has a market capitalization of $81.12 billion, a price-to-earnings ratio of 14.55 and a beta of 0.47. 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 Inc has a one year low of $64.96 and a one year high of $107.22.

Dell Technologies (NYSE:DVMT) last released its earnings results on Thursday, November 29th. The company reported $1.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.32. The firm had revenue of $22.48 billion during the quarter. Dell Technologies had a negative net margin of 2.84% and a positive return on equity of 30.92%. As a group, sell-side analysts expect that Dell Technologies Inc will post 6.1 EPS for the current year.

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About Dell Technologies

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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Institutional Ownership by Quarter for Dell Technologies (NYSE:DVMT)

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