Dell Technologies (DVMT) Hits New 52-Week High at $100.12

Share on StockTwits

Dell Technologies Inc (NYSE:DVMT) reached a new 52-week high during trading on Tuesday . The stock traded as high as $100.12 and last traded at $102.90, with a volume of 93972 shares trading hands. The stock had previously closed at $98.50.

Separately, ValuEngine cut Dell Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $108.50.

The stock has a market capitalization of $75.31 billion, a price-to-earnings ratio of 16.46 and a beta of 0.40. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 2.66.

Dell Technologies (NYSE:DVMT) last posted its quarterly earnings results on Thursday, September 6th. The company reported $1.81 earnings per share for the quarter. The firm 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%.

Several large investors have recently bought and sold shares of DVMT. Third Point LLC acquired a new position in shares of Dell Technologies during the 2nd quarter worth approximately $169,160,000. Alpine Associates Management Inc. acquired a new position in shares of Dell Technologies during the 2nd quarter worth approximately $90,101,000. Los Angeles Capital Management & Equity Research Inc. increased 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 purchasing an additional 813,315 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Dell Technologies by 27.7% during the 3rd quarter. Primecap Management Co. CA now owns 3,727,141 shares of the company’s stock worth $361,980,000 after purchasing an additional 807,412 shares during the last quarter. Finally, Renaissance Technologies LLC increased 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 purchasing an additional 794,800 shares during the last quarter. 23.16% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This article was published by BBNS and is the property of of BBNS. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://baseballnewssource.com/2018/11/13/dell-technologies-dvmt-hits-new-52-week-high-at-100-12/2987253.html.

Dell Technologies Company Profile (NYSE:DVMT)

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.

Featured Story: Risk Tolerance

Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.