Dell Technologies Inc (DVMT) Receives $108.50 Consensus PT from Analysts

Shares of Dell Technologies Inc (NYSE:DVMT) have been given a consensus rating of “Buy” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $108.50.

Several equities research analysts have weighed in on DVMT shares. ValuEngine lowered shares of Dell Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Zacks Investment Research upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Wednesday, July 4th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $105.00 target price on shares of Dell Technologies in a report on Tuesday, July 3rd.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Canyon Capital Advisors LLC increased its position in shares of Dell Technologies by 694.4% during the first quarter. Canyon Capital Advisors LLC now owns 3,035,577 shares of the company’s stock worth $222,235,000 after acquiring an additional 2,653,460 shares in the last quarter. Third Point LLC bought a new stake in shares of Dell Technologies during the second quarter worth $169,160,000. Alpine Associates Management Inc. bought a new stake in shares of Dell Technologies during the second quarter worth $90,101,000. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Dell Technologies by 395.1% during the second 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. Finally, Renaissance Technologies LLC increased its position in shares of Dell Technologies by 16.7% during the second 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. Institutional investors own 23.24% of the company’s stock.

DVMT traded down $0.61 during mid-day trading on Thursday, hitting $94.49. The stock had a trading volume of 1,730,100 shares, compared to its average volume of 1,937,240. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.80 and a current ratio of 0.88. The firm has a market cap of $74.59 billion, a PE ratio of 15.32 and a beta of -0.13. Dell Technologies has a 1-year low of $64.96 and a 1-year high of $99.02.

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

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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