Dell Technologies Inc (DVMT) Receives $108.50 Average Target Price from Analysts

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Shares of Dell Technologies Inc (NYSE:DVMT) have been assigned an average rating of “Buy” from the seven analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $108.50.

Separately, ValuEngine cut Dell Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th.

DVMT traded down $0.87 on Monday, hitting $98.05. 1,246,894 shares of the company were exchanged, compared to its average volume of 1,563,959. Dell Technologies has a twelve month low of $64.96 and a twelve month high of $99.40. The stock has a market capitalization of $75.16 billion, a price-to-earnings ratio of 15.89 and a beta of 0.40. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.88 and a quick ratio of 0.80.

Dell Technologies (NYSE:DVMT) last released its earnings results on Thursday, September 6th. The company reported $1.81 EPS for the quarter. Dell Technologies had a positive return on equity of 30.61% and a negative net margin of 3.01%. The firm had revenue of $22.94 billion during the quarter.

Several large investors have recently added to or reduced their stakes in DVMT. Third Point LLC acquired a new position in shares of Dell Technologies during the 2nd quarter worth about $169,160,000. Alpine Associates Management Inc. acquired a new position in shares of Dell Technologies during the 2nd quarter worth about $90,101,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Dell Technologies by 395.1% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,019,145 shares of the company’s stock worth $86,199,000 after acquiring an additional 813,315 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Dell Technologies by 16.7% during the 2nd quarter. Renaissance Technologies LLC now owns 5,549,700 shares of the company’s stock worth $469,394,000 after acquiring an additional 794,800 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Dell Technologies by 65.7% during the 2nd quarter. Morgan Stanley now owns 1,684,914 shares of the company’s stock worth $142,512,000 after acquiring an additional 668,217 shares in the last quarter. 23.24% of the stock is owned by institutional investors and hedge funds.

About Dell Technologies

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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