Several other research firms have also commented on DVMT. Gabelli assumed coverage on Dell Technologies in a report on Wednesday, January 31st. They set a buy rating and a $106.00 target price for the company. ValuEngine upgraded Dell Technologies from a hold rating to a buy rating in a research report on Monday, February 5th. Finally, BidaskClub downgraded Dell Technologies from a strong-buy rating to a buy rating in a research report on Thursday, November 2nd.
Shares of Dell Technologies (NYSE DVMT) traded up $1.22 on Wednesday, hitting $71.78. The company’s stock had a trading volume of 1,315,213 shares, compared to its average volume of 5,177,275. Dell Technologies has a 12 month low of $59.92 and a 12 month high of $92.40. The firm has a market capitalization of $55,226.60, a PE ratio of -9.90, a PEG ratio of 1.46 and a beta of -1.25. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.78 and a current ratio of 0.85.
Dell Technologies (NYSE:DVMT) last announced its earnings results on Thursday, December 7th. The company reported $1.57 earnings per share (EPS) 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%. analysts predict that Dell Technologies will post 5.12 EPS for the current year.
In related news, CEO Michael S. Dell acquired 12,967 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was bought at an average price of $33.17 per share, for a total transaction of $430,115.39. Following the transaction, the chief executive officer now owns 552,241 shares of the company’s stock, valued at $18,317,833.97. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David I. Goulden sold 4,700 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $87.48, for a total value of $411,156.00. Following the sale, the insider now owns 19,955 shares of the company’s stock, valued at approximately $1,745,663.40. The disclosure for this sale can be found here. Insiders sold 14,100 shares of company stock valued at $1,171,898 over the last 90 days. 45.00% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the business. Cerebellum GP LLC acquired a new stake in Dell Technologies during the 4th quarter valued at $129,000. SeaCrest Wealth Management LLC acquired a new position in shares of Dell Technologies in the fourth quarter worth $136,000. We Are One Seven LLC acquired a new position in shares of Dell Technologies in the fourth quarter worth $137,000. Advisor Partners LLC acquired a new position in shares of Dell Technologies in the fourth quarter worth $230,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Dell Technologies in the third quarter worth $210,000. 22.33% of the stock is currently owned by institutional investors.
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About Dell Technologies
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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