Dell Technologies (DVMT) Position Lowered by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in Dell Technologies (NYSE:DVMT) by 9.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,452 shares of the company’s stock after selling 1,547 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Dell Technologies were worth $1,187,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Dell Technologies by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 724,202 shares of the company’s stock worth $53,019,000 after acquiring an additional 2,727 shares in the last quarter. Global X Management Co. LLC acquired a new position in shares of Dell Technologies in the first quarter worth about $794,000. Xact Kapitalforvaltning AB lifted its stake in shares of Dell Technologies by 8.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 25,359 shares of the company’s stock worth $2,061,000 after acquiring an additional 1,912 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Dell Technologies by 14.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 113,946 shares of the company’s stock worth $9,262,000 after acquiring an additional 14,573 shares in the last quarter. Finally, J. Goldman & Co LP lifted its stake in shares of Dell Technologies by 324.5% in the fourth quarter. J. Goldman & Co LP now owns 943,454 shares of the company’s stock worth $76,684,000 after acquiring an additional 721,191 shares in the last quarter. Institutional investors and hedge funds own 23.02% of the company’s stock.

Shares of Dell Technologies opened at $74.32 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.85 and a quick ratio of 0.79. The stock has a market capitalization of $57.10 billion, a P/E ratio of 10.66, a PEG ratio of 1.43 and a beta of -0.45. Dell Technologies has a fifty-two week low of $73.19 and a fifty-two week high of $74.78.

Dell Technologies (NYSE:DVMT) last announced its quarterly earnings data on Thursday, March 8th. The company reported $2.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.75. The firm had revenue of $21.94 billion during the quarter. Dell Technologies had a positive return on equity of 23.17% and a negative net margin of 4.74%. equities research analysts anticipate that Dell Technologies will post 5.76 earnings per share for the current fiscal year.

Several research firms recently commented on DVMT. TheStreet upgraded Dell Technologies from a “d-” rating to a “c-” rating in a research note on Wednesday, February 14th. ValuEngine cut Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. Deutsche Bank assumed coverage on Dell Technologies in a research note on Wednesday, February 28th. They issued a “buy” rating and a $114.00 price target on the stock. Zacks Investment Research lowered Dell Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Stifel Nicolaus lowered Dell Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $101.00.

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.

Institutional Ownership by Quarter for Dell Technologies (NYSE:DVMT)

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