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.
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.
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.
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