Dell Technologies (DVMT) Sees Unusually-High Trading Volume

Dell Technologies (NYSE:DVMT) saw unusually-strong trading volume on Friday . Approximately 6,565,272 shares changed hands during trading, an increase of 210% from the previous session’s volume of 2,116,310 shares.The stock last traded at $78.81 and had previously closed at $74.32.

Several equities research analysts have issued reports on DVMT shares. ValuEngine downgraded shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. Gabelli started coverage on shares of Dell Technologies in a research note on Wednesday, January 31st. They set a “buy” rating and a $106.00 price objective for the company. Deutsche Bank started coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They set a “buy” rating and a $114.00 price objective for the company. TheStreet upgraded shares of Dell Technologies from a “d-” rating to a “c-” rating in a research note on Wednesday, February 14th. Finally, Zacks Investment Research downgraded shares of Dell Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Dell Technologies presently has an average rating of “Buy” and an average target price of $101.00.

The company has a market capitalization of $60.64 billion, a PE ratio of 12.77, a P/E/G ratio of 1.51 and a beta of -0.45. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 2.94.

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

Several hedge funds have recently made changes to their positions in DVMT. Canyon Capital Advisors LLC boosted its stake in shares of Dell Technologies by 694.4% in the first quarter. Canyon Capital Advisors LLC now owns 3,035,577 shares of the company’s stock valued at $222,235,000 after purchasing an additional 2,653,460 shares during the period. Renaissance Technologies LLC raised its holdings in Dell Technologies by 182.2% in the fourth quarter. Renaissance Technologies LLC now owns 3,700,100 shares of the company’s stock valued at $300,744,000 after acquiring an additional 2,389,100 shares in the last quarter. Farallon Capital Management LLC raised its holdings in Dell Technologies by 49.4% in the first quarter. Farallon Capital Management LLC now owns 7,027,500 shares of the company’s stock valued at $514,483,000 after acquiring an additional 2,324,060 shares in the last quarter. FIL Ltd raised its holdings in Dell Technologies by 92.5% in the first quarter. FIL Ltd now owns 4,200,320 shares of the company’s stock valued at $307,505,000 after acquiring an additional 2,017,944 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in Dell Technologies by 689.2% in the fourth quarter. Two Sigma Investments LP now owns 1,039,256 shares of the company’s stock valued at $84,471,000 after acquiring an additional 907,577 shares in the last quarter. Institutional investors and hedge funds own 23.02% of the company’s stock.

Dell Technologies Company 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.

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