Wells Fargo & Company MN increased its stake in shares of Dell Technologies Inc (NYSE:DVMT) by 23.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,983,441 shares of the company’s stock after acquiring an additional 381,083 shares during the period. Wells Fargo & Company MN’s holdings in Dell Technologies were worth $161,214,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in shares of Dell Technologies during the fourth quarter worth about $129,000. SeaCrest Wealth Management LLC purchased a new stake in Dell Technologies in the 4th quarter valued at approximately $136,000. Roberts Glore & Co. Inc. IL purchased a new stake in Dell Technologies in the 3rd quarter valued at approximately $210,000. Stratos Wealth Partners LTD. purchased a new stake in Dell Technologies in the 3rd quarter valued at approximately $210,000. Finally, Concentric Wealth Management LLC purchased a new stake in Dell Technologies in the 3rd quarter valued at approximately $219,000. 22.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the company. BidaskClub lowered Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Gabelli assumed coverage on Dell Technologies in a report on Wednesday, January 31st. They issued a “buy” rating and a $106.00 price objective on the stock. TheStreet raised Dell Technologies from a “d-” rating to a “c-” rating in a report on Wednesday, February 14th. Finally, ValuEngine raised Dell Technologies from a “hold” rating to a “buy” rating in a report on Monday, February 5th.
Shares of Dell Technologies Inc (NYSE DVMT) opened at $69.79 on Monday. Dell Technologies Inc has a twelve month low of $59.92 and a twelve month high of $92.40. The firm has a market capitalization of $53,695.52, a P/E ratio of -9.63, a price-to-earnings-growth ratio of 1.42 and a beta of -1.25. The company has a debt-to-equity ratio of 2.98, a current ratio of 0.85 and a quick ratio of 0.78.
Dell Technologies (NYSE:DVMT) last announced its quarterly earnings data on Thursday, December 7th. The company reported $1.57 earnings per share for the quarter. Dell Technologies had a positive return on equity of 21.53% and a negative net margin of 4.50%. equities research analysts forecast that Dell Technologies Inc will post 5.12 earnings per share for the current fiscal year.
In other news, insider David I. Goulden sold 4,700 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $80.93, for a total transaction of $380,371.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael S. Dell purchased 12,967 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were purchased at an average cost of $33.17 per share, for a total transaction of $430,115.39. Following the purchase, the chief executive officer now directly owns 552,241 shares in the company, valued at $18,317,833.97. The disclosure for this purchase can be found here. Insiders sold a total of 14,100 shares of company stock worth $1,171,898 in the last ninety days. 45.00% of the stock is owned by corporate insiders.
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Dell Technologies Company Profile
Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. The Company operates through two segments: Client Solutions and Enterprise Solutions Group (ESG). The Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products and notebooks, as well as services and third-party software and peripherals closely tied to the sale of Client Solutions hardware.
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