Traders sold shares of Dell Technologies Inc (NYSE:DVMT) on strength during trading on Tuesday. $19.91 million flowed into the stock on the tick-up and $43.60 million flowed out of the stock on the tick-down, for a money net flow of $23.69 million out of the stock. Of all equities tracked, Dell Technologies had the 0th highest net out-flow for the day. Dell Technologies traded up $0.03 for the day and closed at $69.82
Several analysts have weighed in on DVMT shares. ValuEngine upgraded Dell Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. BidaskClub downgraded Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Gabelli started coverage on Dell Technologies in a research note on Wednesday, January 31st. They set a “buy” rating and a $106.00 price target on the stock. Finally, TheStreet upgraded Dell Technologies from a “d-” rating to a “c-” rating in a research note on Wednesday, February 14th.
The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 2.98. The stock has a market cap of $53,718.60, a P/E ratio of -9.64, a price-to-earnings-growth ratio of 1.42 and a beta of -1.25.
Dell Technologies (NYSE:DVMT) last posted its quarterly earnings results on Thursday, December 7th. The company reported $1.57 earnings per share for the quarter. The business had revenue of $19.61 billion for the quarter. Dell Technologies had a positive return on equity of 21.53% and a negative net margin of 4.50%. research analysts expect that Dell Technologies Inc will post 5.12 earnings per share for the current year.
In related news, CEO Michael S. Dell acquired 12,967 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was acquired at an average price of $33.17 per share, with a total value of $430,115.39. Following the acquisition, the chief executive officer now directly owns 552,241 shares in the company, valued at approximately $18,317,833.97. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael S. Dell acquired 14,350 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $32.70 per share, with a total value of $469,245.00. Following the acquisition, the chief executive officer now owns 539,274 shares in the company, valued at $17,634,259.80. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 14,100 shares of company stock worth $1,171,898. Company insiders own 45.00% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Whittier Trust Co. lifted its holdings in shares of Dell Technologies by 9.3% in the 3rd quarter. Whittier Trust Co. now owns 9,494 shares of the company’s stock valued at $733,000 after buying an additional 808 shares during the period. Steinberg Global Asset Management lifted its holdings in shares of Dell Technologies by 24.8% in the 4th quarter. Steinberg Global Asset Management now owns 4,731 shares of the company’s stock valued at $385,000 after buying an additional 941 shares during the period. Pillar Pacific Capital Management LLC lifted its holdings in shares of Dell Technologies by 1.4% in the 4th quarter. Pillar Pacific Capital Management LLC now owns 73,472 shares of the company’s stock valued at $5,972,000 after buying an additional 1,005 shares during the period. Burren Capital Advisors Ltd lifted its holdings in shares of Dell Technologies by 2.6% in the 3rd quarter. Burren Capital Advisors Ltd now owns 44,654 shares of the company’s stock valued at $3,448,000 after buying an additional 1,126 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Dell Technologies by 2.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 42,056 shares of the company’s stock valued at $3,247,000 after buying an additional 1,156 shares during the period. 22.33% of the stock is owned by institutional investors and hedge funds.
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Dell Technologies Company Profile
Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. The Company operates through two segments: Client Solutions and Enterprise Solutions Group (ESG). The Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products and notebooks, as well as services and third-party software and peripherals closely tied to the sale of Client Solutions hardware.
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