Capital Fund Management S.A. boosted its position in shares of Dell Technologies Inc (NYSE:DVMT) by 28.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,503 shares of the company’s stock after purchasing an additional 69,900 shares during the period. Capital Fund Management S.A.’s holdings in Dell Technologies were worth $26,939,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in DVMT. Global X Management Co. LLC bought a new position in Dell Technologies during the 1st quarter worth about $794,000. Prudential Financial Inc. increased its holdings in Dell Technologies by 27.0% during the 1st quarter. Prudential Financial Inc. now owns 868,195 shares of the company’s stock worth $63,560,000 after purchasing an additional 184,765 shares in the last quarter. M&T Bank Corp increased its holdings in Dell Technologies by 20.8% during the 1st quarter. M&T Bank Corp now owns 36,320 shares of the company’s stock worth $2,658,000 after purchasing an additional 6,258 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Dell Technologies by 1.0% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 72,991 shares of the company’s stock worth $5,344,000 after purchasing an additional 700 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Dell Technologies by 465.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 111,152 shares of the company’s stock worth $8,137,000 after purchasing an additional 91,507 shares in the last quarter. Hedge funds and other institutional investors own 23.34% of the company’s stock.
A number of equities analysts have issued reports on the company. ValuEngine cut Dell Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Deutsche Bank increased their target price on Dell Technologies from $114.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, June 5th. Wells Fargo & Co reiterated an “outperform” rating and set a $105.00 target price on shares of Dell Technologies in a report on Tuesday, July 3rd. Finally, Zacks Investment Research cut Dell Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 14th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $108.50.
Shares of NYSE DVMT opened at $95.88 on Friday. The stock has a market capitalization of $73.62 billion, a PE ratio of 15.54 and a beta of -0.15. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.93 and a quick ratio of 0.87. Dell Technologies Inc has a fifty-two week low of $64.96 and a fifty-two week high of $97.10.
Dell Technologies (NYSE:DVMT) last announced its quarterly earnings data on Monday, June 4th. The company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.08. The company had revenue of $21.36 billion during the quarter. Dell Technologies had a positive return on equity of 27.01% and a negative net margin of 3.69%.
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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