Los Angeles Capital Management & Equity Research Inc. reduced its holdings in Dell Technologies Inc (NYSE:DVMT) by 80.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 203,515 shares of the company’s stock after selling 815,630 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Dell Technologies were worth $19,765,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC increased its stake in Dell Technologies by 5.3% in the second quarter. FMR LLC now owns 7,178,790 shares of the company’s stock valued at $607,182,000 after purchasing an additional 361,901 shares during the last quarter. Renaissance Technologies LLC increased its stake in Dell Technologies by 16.7% in the second quarter. Renaissance Technologies LLC now owns 5,549,700 shares of the company’s stock valued at $469,394,000 after purchasing an additional 794,800 shares during the last quarter. Canyon Capital Advisors LLC increased its stake in Dell Technologies by 8.1% in the second quarter. Canyon Capital Advisors LLC now owns 3,280,900 shares of the company’s stock valued at $277,499,000 after purchasing an additional 245,323 shares during the last quarter. Third Point LLC acquired a new position in Dell Technologies in the second quarter valued at $169,160,000. Finally, Morgan Stanley increased its stake in Dell Technologies by 65.7% in the second quarter. Morgan Stanley now owns 1,684,914 shares of the company’s stock valued at $142,512,000 after purchasing an additional 668,217 shares during the last quarter. Hedge funds and other institutional investors own 23.24% of the company’s stock.
Separately, ValuEngine lowered Dell Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $108.50.
Dell Technologies (NYSE:DVMT) last announced its quarterly earnings results on Thursday, September 6th. The company reported $1.81 EPS for the quarter. The company had revenue of $22.94 billion during the quarter. Dell Technologies had a positive return on equity of 30.61% and a negative net margin of 3.01%.
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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.
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