Gamco Investors INC. ET AL cut its stake in shares of Dell Technologies Inc (NYSE:DVMT) by 10.1% in the 3rd quarter, Holdings Channel reports. The fund owned 13,294 shares of the company’s stock after selling 1,500 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Dell Technologies were worth $1,291,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of DVMT. Cornerstone Wealth Management LLC purchased a new stake in Dell Technologies during the 2nd quarter valued at approximately $110,000. Harvest Fund Management Co. Ltd raised its stake in Dell Technologies by 108.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,966 shares of the company’s stock valued at $191,000 after acquiring an additional 1,021 shares during the last quarter. TD Asset Management Inc. purchased a new stake in Dell Technologies during the 2nd quarter valued at approximately $202,000. Roanoke Asset Management Corp NY purchased a new stake in Dell Technologies during the 3rd quarter valued at approximately $203,000. Finally, Manchester Capital Management LLC raised its stake in Dell Technologies by 85.7% during the 2nd quarter. Manchester Capital Management LLC now owns 2,411 shares of the company’s stock valued at $204,000 after acquiring an additional 1,113 shares during the last quarter. 23.16% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine downgraded Dell Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Dell Technologies presently has an average rating of “Buy” and a consensus price target of $108.50.
DVMT opened at $101.57 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 2.66. The company has a market cap of $75.65 billion, a price-to-earnings ratio of 14.05 and a beta of 0.40. Dell Technologies Inc has a 52 week low of $64.96 and a 52 week high of $103.60.
Dell Technologies (NYSE:DVMT) last posted its quarterly earnings data on Thursday, September 6th. The company reported $1.81 EPS for the quarter. The firm had revenue of $22.94 billion during 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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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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