Dell Technologies Inc (DVMT) Position Boosted by Canyon Capital Advisors LLC
Canyon Capital Advisors LLC increased its stake in shares of Dell Technologies Inc (NYSE:DVMT) by 8.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,280,900 shares of the company’s stock after purchasing an additional 245,323 shares during the period. Dell Technologies makes up approximately 2.9% of Canyon Capital Advisors LLC’s investment portfolio, making the stock its 8th largest position. Canyon Capital Advisors LLC’s holdings in Dell Technologies were worth $277,499,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Dell Technologies by 0.6% during the 1st quarter. BlackRock Inc. now owns 13,345,023 shares of the company’s stock worth $976,989,000 after buying an additional 80,209 shares in the last quarter. FMR LLC lifted its holdings in Dell Technologies by 5.3% during the 2nd quarter. FMR LLC now owns 7,178,790 shares of the company’s stock worth $607,182,000 after buying an additional 361,901 shares in the last quarter. Farallon Capital Management LLC lifted its holdings in Dell Technologies by 49.4% during the 1st quarter. Farallon Capital Management LLC now owns 7,027,500 shares of the company’s stock worth $514,483,000 after buying an additional 2,324,060 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in 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 buying an additional 794,800 shares in the last quarter. Finally, FIL Ltd lifted its holdings in Dell Technologies by 92.5% during the 1st quarter. FIL Ltd now owns 4,200,320 shares of the company’s stock worth $307,505,000 after buying an additional 2,017,944 shares in the last quarter. 23.34% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on DVMT shares. Zacks Investment Research upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Wednesday, July 4th. Wells Fargo & Co reiterated an “outperform” rating and set a $105.00 target price on shares of Dell Technologies in a report on Tuesday, July 3rd. ValuEngine lowered shares of Dell Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Finally, Deutsche Bank increased their target price on shares of Dell Technologies from $114.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, June 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $108.50.
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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