Dell Technologies Inc (DVMT) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Dell Technologies Inc (NYSE:DVMT) have received an average recommendation of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $108.50.
Separately, ValuEngine downgraded Dell Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th.
A number of large investors have recently bought and sold shares of DVMT. Third Point LLC purchased a new stake in Dell Technologies in the second quarter valued at $169,160,000. Alpine Associates Management Inc. acquired a new stake in shares of Dell Technologies in the second quarter valued at $90,101,000. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Dell Technologies by 395.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,019,145 shares of the company’s stock valued at $86,199,000 after buying an additional 813,315 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Dell Technologies by 16.7% in the second quarter. Renaissance Technologies LLC now owns 5,549,700 shares of the company’s stock valued at $469,394,000 after buying an additional 794,800 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Dell Technologies by 65.7% in the second 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. Institutional investors own 23.24% of the company’s stock.
Dell Technologies (NYSE:DVMT) last posted its earnings results on Thursday, September 6th. The company reported $1.81 EPS for the quarter. Dell Technologies had a positive return on equity of 30.61% and a negative net margin of 3.01%. The company had revenue of $22.94 billion for the quarter.
About Dell Technologies
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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