Jane Street Group LLC lifted its stake in Dell Technologies Inc (NYSE:DVMT) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,010 shares of the company’s stock after acquiring an additional 5,794 shares during the quarter. Jane Street Group LLC’s holdings in Dell Technologies were worth $6,956,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC boosted its holdings in Dell Technologies by 1,169.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,434 shares of the company’s stock worth $105,000 after purchasing an additional 1,321 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in Dell Technologies in the fourth quarter worth $136,000. We Are One Seven LLC bought a new stake in Dell Technologies in the fourth quarter worth $137,000. Investors Research Corp bought a new stake in Dell Technologies in the fourth quarter worth $225,000. Finally, Roberts Glore & Co. Inc. IL boosted its holdings in Dell Technologies by 31.0% in the first quarter. Roberts Glore & Co. Inc. IL now owns 3,566 shares of the company’s stock worth $261,000 after purchasing an additional 843 shares in the last quarter. 22.89% of the stock is currently owned by institutional investors and hedge funds.
DVMT stock opened at $87.91 on Thursday. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.85 and a quick ratio of 0.79. Dell Technologies Inc has a 52-week low of $59.92 and a 52-week high of $92.40. The stock has a market cap of $67.43 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 1.58 and a beta of -0.33.
DVMT has been the subject of a number of recent research reports. Deutsche Bank upped their price objective on shares of Dell Technologies from $114.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, June 5th. ValuEngine cut shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. TheStreet upgraded shares of Dell Technologies from a “d-” rating to a “c-” rating in a report on Wednesday, February 14th. Zacks Investment Research cut shares of Dell Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 14th. Finally, Stifel Nicolaus cut shares of Dell Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $103.00.
Dell Technologies 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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