NN Investment Partners Holdings N.V. reduced its position in shares of Dell Technologies Inc (NYSE:DVMT) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,183 shares of the company’s stock after selling 1,122 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Dell Technologies were worth $1,960,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of DVMT. TCW Group Inc. boosted its position in Dell Technologies by 13.8% during the second quarter. TCW Group Inc. now owns 71,585 shares of the company’s stock valued at $6,055,000 after purchasing an additional 8,700 shares during the last quarter. Morgan Stanley boosted its position in Dell Technologies by 65.7% during the second quarter. Morgan Stanley now owns 1,684,914 shares of the company’s stock valued at $142,512,000 after purchasing an additional 668,217 shares during the last quarter. First Trust Advisors LP boosted its position in Dell Technologies by 656.5% during the third quarter. First Trust Advisors LP now owns 694,875 shares of the company’s stock valued at $67,486,000 after purchasing an additional 603,026 shares during the last quarter. Paloma Partners Management Co boosted its position in Dell Technologies by 25.7% during the second quarter. Paloma Partners Management Co now owns 114,919 shares of the company’s stock valued at $9,720,000 after purchasing an additional 23,531 shares during the last quarter. Finally, Serengeti Asset Management LP acquired a new position in Dell Technologies during the second quarter valued at approximately $6,766,000. 23.24% of the stock is owned by institutional investors.
Shares of NYSE DVMT opened at $91.71 on Tuesday. Dell Technologies Inc has a 52 week low of $64.96 and a 52 week high of $99.02. 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 $70.03 billion, a P/E ratio of 14.86 and a beta of 0.40.
Dell Technologies (NYSE:DVMT) last issued its quarterly earnings results on Thursday, September 6th. The company reported $1.81 EPS for the quarter. Dell Technologies had a positive return on equity of 30.61% and a negative net margin of 3.01%. The firm had revenue of $22.94 billion during the quarter.
Separately, ValuEngine cut Dell Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Two analysts have rated the stock with a hold rating and four have issued 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.
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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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