Huntington National Bank reduced its position in Dell Technologies Inc (NYSE:DVMT) by 14.2% in the 3rd quarter, Holdings Channel reports. The firm owned 5,817 shares of the company’s stock after selling 961 shares during the quarter. Huntington National Bank’s holdings in Dell Technologies were worth $565,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TCW Group Inc. raised its stake in Dell Technologies by 13.8% in the 2nd quarter. TCW Group Inc. now owns 71,585 shares of the company’s stock valued at $6,055,000 after purchasing an additional 8,700 shares during the last quarter. Morgan Stanley grew its holdings in Dell Technologies by 65.7% in the 2nd quarter. Morgan Stanley now owns 1,684,914 shares of the company’s stock valued at $142,512,000 after buying an additional 668,217 shares in the last quarter. Paloma Partners Management Co grew its holdings in Dell Technologies by 25.7% in the 2nd quarter. Paloma Partners Management Co now owns 114,919 shares of the company’s stock valued at $9,720,000 after buying an additional 23,531 shares in the last quarter. Serengeti Asset Management LP purchased a new stake in Dell Technologies in the 2nd quarter valued at $6,766,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in Dell Technologies in the 2nd quarter valued at $460,000. 23.22% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:DVMT opened at $94.71 on Tuesday. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.88 and a quick ratio of 0.80. The firm has a market capitalization of $72.03 billion, a price-to-earnings ratio of 13.38 and a beta of -0.13. Dell Technologies Inc has a 52-week low of $64.96 and a 52-week high of $99.02.
Dell Technologies (NYSE:DVMT) last issued its earnings results on Thursday, September 6th. The company reported $1.81 earnings per share (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%.
Several analysts have issued reports on the company. ValuEngine cut Dell Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Zacks Investment Research upgraded Dell Technologies from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Wednesday, July 4th. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $105.00 target price on shares of Dell Technologies in a report on Tuesday, July 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Dell Technologies presently has an average rating of “Buy” and an average price target of $108.50.
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.
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