KBC Group NV Reduces Position in Dell Technologies (DVMT)

KBC Group NV lowered its position in Dell Technologies (NYSE:DVMT) by 21.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 416,433 shares of the company’s stock after selling 113,166 shares during the period. KBC Group NV’s holdings in Dell Technologies were worth $30,487,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new position in Dell Technologies during the fourth quarter valued at approximately $129,000. SeaCrest Wealth Management LLC acquired a new position in Dell Technologies during the fourth quarter valued at approximately $136,000. We Are One Seven LLC acquired a new position in Dell Technologies during the fourth quarter valued at approximately $137,000. Investors Research Corp acquired a new position in Dell Technologies during the fourth quarter valued at approximately $225,000. Finally, Advisor Partners LLC acquired a new position in Dell Technologies during the fourth quarter valued at approximately $230,000. Hedge funds and other institutional investors own 22.55% of the company’s stock.

Several equities analysts have commented on DVMT shares. ValuEngine downgraded Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Gabelli assumed coverage on shares of Dell Technologies in a research note on Wednesday, January 31st. They issued a “buy” rating and a $106.00 price objective on the stock. Deutsche Bank assumed coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They issued a “buy” rating and a $114.00 price objective on the stock. TheStreet upgraded shares of Dell Technologies from a “d-” rating to a “c-” rating in a research note on Wednesday, February 14th. Finally, Zacks Investment Research downgraded shares of Dell Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $101.00.

Shares of Dell Technologies opened at $78.81 on Monday, MarketBeat reports. The firm has a market capitalization of $60.64 billion, a PE ratio of 11.32, a P/E/G ratio of 1.51 and a beta of -0.45. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.79 and a current ratio of 0.85. Dell Technologies has a 1 year low of $59.92 and a 1 year high of $92.40.

Dell Technologies (NYSE:DVMT) last announced its quarterly earnings data on Thursday, March 8th. The company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.75. The business had revenue of $21.94 billion for the quarter. Dell Technologies had a negative net margin of 4.74% and a positive return on equity of 23.17%. sell-side analysts anticipate that Dell Technologies will post 5.76 earnings per share for the current year.

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

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