Dell Technologies Inc (NYSE:DVMT) shares traded up 1.2% during mid-day trading on Thursday . The company traded as high as $98.60 and last traded at $98.99. 25,320 shares changed hands during trading, a decline of 98% from the average session volume of 1,568,559 shares. The stock had previously closed at $97.86.
Separately, ValuEngine upgraded Dell Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $108.50.
The stock has a market cap of $70.74 billion, a PE ratio of 15.93 and a beta of 0.40. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.88 and a quick ratio of 0.80.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Balter Liquid Alternatives LLC raised its stake in Dell Technologies by 14.9% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 4,232 shares of the company’s stock valued at $390,000 after purchasing an additional 548 shares during the last quarter. Assetmark Inc. raised its stake in Dell Technologies by 1.0% in the 2nd quarter. Assetmark Inc. now owns 60,701 shares of the company’s stock valued at $5,134,000 after purchasing an additional 604 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Dell Technologies by 7.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,155 shares of the company’s stock valued at $774,000 after purchasing an additional 663 shares during the last quarter. Whittier Trust Co. raised its stake in Dell Technologies by 8.1% in the 2nd quarter. Whittier Trust Co. now owns 9,399 shares of the company’s stock valued at $795,000 after purchasing an additional 708 shares during the last quarter. Finally, Violich Capital Management Inc. raised its stake in Dell Technologies by 0.5% in the 2nd quarter. Violich Capital Management Inc. now owns 148,602 shares of the company’s stock valued at $12,569,000 after purchasing an additional 714 shares during the last quarter. 23.24% of the stock is owned by hedge funds and other institutional investors.
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About Dell Technologies (NYSE:DVMT)
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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