Dell Technologies Inc (DVMT) Given Average Recommendation of “Buy” by Analysts

Dell Technologies Inc (NYSE:DVMT) has been given a consensus rating of “Buy” by the seven brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $110.00.

A number of research analysts have recently commented on DVMT shares. Gabelli started coverage on shares of Dell Technologies in a report on Wednesday, January 31st. They issued a “buy” rating and a $106.00 price target on the stock. Wells Fargo started coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They issued an “outperform” rating on the stock. ValuEngine upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Stifel Nicolaus lowered shares of Dell Technologies from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Finally, Deutsche Bank initiated 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 for the company.

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Shares of NYSE DVMT traded down $0.63 during mid-day trading on Thursday, reaching $72.46. The company had a trading volume of 625,231 shares, compared to its average volume of 2,291,710. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 2.94. The stock has a market cap of $55,911.36, a PE ratio of 11.90, a PEG ratio of 1.40 and a beta of -0.49. Dell Technologies has a 52 week low of $59.92 and a 52 week high of $92.40.

Dell Technologies (NYSE:DVMT) last posted its quarterly earnings results on Thursday, March 8th. The company reported $2.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.75. The firm 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 forecast that Dell Technologies will post 5.76 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in DVMT. Renaissance Technologies LLC lifted its position in shares of Dell Technologies by 182.2% during the fourth quarter. Renaissance Technologies LLC now owns 3,700,100 shares of the company’s stock valued at $300,744,000 after buying an additional 2,389,100 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Dell Technologies by 689.2% during the fourth quarter. Two Sigma Investments LP now owns 1,039,256 shares of the company’s stock valued at $84,471,000 after buying an additional 907,577 shares during the last quarter. J. Goldman & Co LP lifted its position in shares of Dell Technologies by 324.5% during the fourth quarter. J. Goldman & Co LP now owns 943,454 shares of the company’s stock valued at $76,684,000 after buying an additional 721,191 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Dell Technologies by 136.0% during the fourth quarter. Two Sigma Advisers LP now owns 1,138,983 shares of the company’s stock valued at $92,577,000 after buying an additional 656,382 shares during the last quarter. Finally, Coatue Management LLC purchased a new stake in shares of Dell Technologies during the fourth quarter valued at about $40,175,000. 23.15% of the stock is 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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