Dell Technologies (NYSE:DVMT) had its target price raised by investment analysts at Deutsche Bank from $106.00 to $114.00 in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 9.12% from the stock’s previous close.

Separately, ValuEngine cut Dell Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $107.00.

DVMT stock traded down $0.59 during trading hours on Friday, hitting $104.47. 4,484,290 shares of the stock were exchanged, compared to its average volume of 2,434,023. 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 stock has a market capitalization of $80.24 billion, a price-to-earnings ratio of 16.93 and a beta of 0.40. Dell Technologies has a 12 month low of $64.96 and a 12 month high of $107.22.

Dell Technologies (NYSE:DVMT) last posted its quarterly earnings data on Thursday, September 6th. The company reported $1.81 earnings per share for the quarter. The firm had revenue of $22.94 billion for the quarter. Dell Technologies had a positive return on equity of 30.61% and a negative net margin of 3.01%.

Hedge funds have recently bought and sold shares of the business. Pendal Group Ltd acquired a new stake in shares of Dell Technologies during the 3rd quarter worth $550,000. Morgan Stanley grew its holdings in shares of Dell Technologies by 65.7% during the 2nd quarter. Morgan Stanley now owns 1,684,914 shares of the company’s stock worth $142,512,000 after purchasing an additional 668,217 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Dell Technologies by 656.5% during the 3rd quarter. First Trust Advisors LP now owns 694,875 shares of the company’s stock worth $67,486,000 after purchasing an additional 603,026 shares in the last quarter. TCW Group Inc. grew its holdings in shares of Dell Technologies by 13.8% during the 2nd quarter. TCW Group Inc. now owns 71,585 shares of the company’s stock worth $6,055,000 after purchasing an additional 8,700 shares in the last quarter. Finally, Atria Investments LLC acquired a new stake in shares of Dell Technologies during the 3rd quarter worth $237,000. Hedge funds and other institutional investors own 23.16% of the company’s stock.

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.

Further Reading: How do investors use RSI to grade stocks?

Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.