Dell Technologies Inc (DVMT) Stake Decreased by Commonwealth Equity Services LLC

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Commonwealth Equity Services LLC lessened its holdings in shares of Dell Technologies Inc (NYSE:DVMT) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,544 shares of the company’s stock after selling 970 shares during the period. Commonwealth Equity Services LLC’s holdings in Dell Technologies were worth $1,943,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DVMT. American International Group Inc. acquired a new stake in Dell Technologies in the 4th quarter valued at approximately $395,000. K2 Principal Fund L.P. raised its position in Dell Technologies by 93.8% in the 4th quarter. K2 Principal Fund L.P. now owns 110,591 shares of the company’s stock valued at $8,989,000 after buying an additional 53,527 shares during the last quarter. Ascend Capital LLC raised its position in Dell Technologies by 55.8% in the 4th quarter. Ascend Capital LLC now owns 381,706 shares of the company’s stock valued at $31,026,000 after buying an additional 136,749 shares during the last quarter. Angelo Gordon & CO. L.P. raised its position in Dell Technologies by 15.9% in the 4th quarter. Angelo Gordon & CO. L.P. now owns 350,038 shares of the company’s stock valued at $28,451,000 after buying an additional 47,995 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Dell Technologies by 47.5% in the 4th quarter. Mackenzie Financial Corp now owns 219,095 shares of the company’s stock valued at $17,808,000 after buying an additional 70,605 shares during the last quarter. Institutional investors and hedge funds own 22.74% of the company’s stock.

DVMT has been the topic of a number of recent research reports. Wells Fargo & Co initiated coverage on Dell Technologies in a research report on Wednesday, February 28th. They issued an “outperform” rating on the stock. Zacks Investment Research raised Dell Technologies from a “hold” rating to a “strong-buy” rating and set a $83.00 target price on the stock in a research report on Tuesday, May 1st. Stifel Nicolaus lowered Dell Technologies from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Deutsche Bank lifted their target price on Dell Technologies from $114.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, June 5th. Finally, ValuEngine lowered Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $103.00.

Dell Technologies opened at $89.09 on Friday, Marketbeat.com reports. The company has a market cap of $68.63 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 1.61 and a beta of -0.33. Dell Technologies Inc has a twelve month low of $59.92 and a twelve month high of $92.40. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 2.64.

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.

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

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