Great West Life Assurance Co. Can Decreases Holdings in Dell Technologies Inc (DVMT)

Great West Life Assurance Co. Can lowered its position in Dell Technologies Inc (NYSE:DVMT) by 13.9% during the third quarter, HoldingsChannel reports. The firm owned 115,300 shares of the company’s stock after selling 18,624 shares during the period. Great West Life Assurance Co. Can’s holdings in Dell Technologies were worth $11,210,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DVMT. Pendal Group Ltd acquired a new stake in shares of Dell Technologies in the 3rd quarter worth $550,000. BlackRock Inc. increased its stake in shares of Dell Technologies by 1.8% in the 3rd quarter. BlackRock Inc. now owns 12,720,675 shares of the company’s stock worth $1,235,430,000 after acquiring an additional 230,479 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Dell Technologies by 656.5% in the 3rd quarter. First Trust Advisors LP now owns 694,875 shares of the company’s stock worth $67,486,000 after acquiring an additional 603,026 shares during the last quarter. Morgan Stanley increased its stake in shares of Dell Technologies by 65.7% in 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 during the last quarter. Finally, Armstrong Shaw Associates Inc. CT increased its stake in shares of Dell Technologies by 163.6% in the 3rd quarter. Armstrong Shaw Associates Inc. CT now owns 30,933 shares of the company’s stock worth $3,004,000 after acquiring an additional 19,198 shares during the last quarter. Institutional investors own 22.93% of the company’s stock.

Shares of NYSE:DVMT opened at $105.61 on Friday. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.88 and a quick ratio of 0.80. The stock has a market cap of $80.23 billion, a P/E ratio of 14.39 and a beta of 0.47. Dell Technologies Inc has a 12-month low of $64.96 and a 12-month high of $107.22.

Dell Technologies (NYSE:DVMT) last issued its quarterly earnings data on Thursday, November 29th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.32. The firm had revenue of $22.48 billion during the quarter. Dell Technologies had a positive return on equity of 30.92% and a negative net margin of 2.84%. On average, sell-side analysts forecast that Dell Technologies Inc will post 6.1 EPS for the current year.

A number of analysts have issued reports on DVMT shares. Deutsche Bank raised their target price on Dell Technologies from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, November 16th. ValuEngine downgraded Dell Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Dell Technologies has a consensus rating of “Buy” and an average target price of $107.00.

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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.

Further Reading: Market Capitalization in the Stock Market

Want to see what other hedge funds are holding DVMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc (NYSE:DVMT).

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

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