Dell Technologies (DVMT) Trading 1.2% Higher

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.

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

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.

COPYRIGHT VIOLATION WARNING: “Dell Technologies (DVMT) Trading 1.2% Higher” was first posted by WKRB News and is the property of of WKRB News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.wkrb13.com/2018/11/08/dell-technologies-dvmt-trading-1-2-higher.html.

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.

See Also: Fundamental Analysis

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.

Leave a Reply