Dell Technologies Inc (NYSE:DVMT) Shares Sold by MAI Capital Management

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MAI Capital Management lowered its stake in shares of Dell Technologies Inc (NYSE:DVMT) by 17.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,311 shares of the company’s stock after selling 900 shares during the quarter. MAI Capital Management’s holdings in Dell Technologies were worth $365,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in DVMT. Wealthcare Advisory Partners LLC raised its stake in Dell Technologies by 1,169.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,434 shares of the company’s stock valued at $105,000 after acquiring an additional 1,321 shares in the last quarter. TD Asset Management Inc. bought a new stake in Dell Technologies during the 2nd quarter valued at $202,000. Manchester Capital Management LLC raised its stake in Dell Technologies by 85.7% during the 2nd quarter. Manchester Capital Management LLC now owns 2,411 shares of the company’s stock valued at $204,000 after acquiring an additional 1,113 shares in the last quarter. Chesley Taft & Associates LLC bought a new stake in Dell Technologies during the 2nd quarter valued at $206,000. Finally, Advisor Partners LLC bought a new stake in Dell Technologies during the 2nd quarter valued at $207,000. Institutional investors and hedge funds own 23.24% of the company’s stock.

DVMT has been the topic of several recent analyst reports. ValuEngine downgraded Dell Technologies from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Wells Fargo & Co reissued an “outperform” rating and issued a $105.00 price objective on shares of Dell Technologies in a research note on Tuesday, July 3rd. Finally, Zacks Investment Research raised Dell Technologies from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Wednesday, July 4th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Dell Technologies presently has a consensus rating of “Buy” and a consensus target price of $108.50.

Shares of DVMT traded up $2.76 during midday trading on Friday, reaching $94.50. The stock had a trading volume of 1,696,214 shares, compared to its average volume of 1,940,178. Dell Technologies Inc has a 52 week low of $64.96 and a 52 week high of $99.02. 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 company has a market capitalization of $74.59 billion, a PE ratio of 15.32 and a beta of -0.13.

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

Dell Technologies 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: Intrinsic Value and Stock Selection

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

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