Shares of Dell Technologies Inc (NYSE:DVMT) have earned an average recommendation of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $108.50.
DVMT has been the subject of a number of recent research reports. Zacks Investment Research raised Dell Technologies from a “hold” rating to a “strong-buy” rating and set a $83.00 price target for the company in a research report on Tuesday, May 1st. Deutsche Bank upped their price target on Dell Technologies from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. ValuEngine downgraded Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $105.00 price target on shares of Dell Technologies in a research report on Tuesday, July 3rd.
Several institutional investors have recently made changes to their positions in the company. DnB Asset Management AS raised its stake in shares of Dell Technologies by 3.6% during the 2nd quarter. DnB Asset Management AS now owns 25,675 shares of the company’s stock worth $2,172,000 after purchasing an additional 900 shares in the last quarter. Canyon Capital Advisors LLC raised its stake in shares of Dell Technologies by 694.4% during the 1st quarter. Canyon Capital Advisors LLC now owns 3,035,577 shares of the company’s stock worth $222,235,000 after purchasing an additional 2,653,460 shares in the last quarter. Amalgamated Bank raised its stake in shares of Dell Technologies by 9.6% during the 1st quarter. Amalgamated Bank now owns 26,134 shares of the company’s stock worth $1,913,000 after purchasing an additional 2,279 shares in the last quarter. Burren Capital Advisors Ltd raised its stake in shares of Dell Technologies by 5.5% during the 1st quarter. Burren Capital Advisors Ltd now owns 57,930 shares of the company’s stock worth $4,241,000 after purchasing an additional 3,030 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Dell Technologies by 36.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 34,623 shares of the company’s stock worth $2,535,000 after purchasing an additional 9,264 shares in the last quarter. Institutional investors own 22.74% of the company’s stock.
Shares of Dell Technologies traded down $0.51, hitting $93.34, on Tuesday, according to Marketbeat. The company’s stock had a trading volume of 1,354,599 shares, compared to its average volume of 2,290,523. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.87 and a current ratio of 0.93. Dell Technologies has a fifty-two week low of $60.86 and a fifty-two week high of $95.18. The firm has a market capitalization of $71.81 billion, a PE ratio of 13.18, a P/E/G ratio of 1.65 and a beta of -0.34.
Dell Technologies (NYSE:DVMT) last released its quarterly earnings results on Monday, June 4th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. Dell Technologies had a positive return on equity of 27.01% and a negative net margin of 3.69%. The firm had revenue of $21.36 billion during the quarter. equities research analysts predict that Dell Technologies will post 6.25 EPS for the current fiscal year.
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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