Canada Pension Plan Investment Board Has $43.40 Million Stake in Dell Technologies Inc (DVMT)

Canada Pension Plan Investment Board reduced its position in Dell Technologies Inc (NYSE:DVMT) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 446,910 shares of the company’s stock after selling 18,320 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.06% of Dell Technologies worth $43,404,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Balter Liquid Alternatives LLC boosted its stake in shares of 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. boosted its stake in Dell Technologies by 1.0% during the second quarter. Assetmark Inc. now owns 60,701 shares of the company’s stock worth $5,134,000 after acquiring an additional 604 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Dell Technologies by 7.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,155 shares of the company’s stock worth $774,000 after acquiring an additional 663 shares in the last quarter. Whittier Trust Co. boosted its stake in Dell Technologies by 8.1% during the second quarter. Whittier Trust Co. now owns 9,399 shares of the company’s stock worth $795,000 after acquiring an additional 708 shares in the last quarter. Finally, Violich Capital Management Inc. boosted its stake in Dell Technologies by 0.5% during the second quarter. Violich Capital Management Inc. now owns 148,602 shares of the company’s stock worth $12,569,000 after acquiring an additional 714 shares in the last quarter. 22.19% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on DVMT. Deutsche Bank increased their target price on shares of Dell Technologies from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, November 16th. ValuEngine lowered shares of Dell Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $107.00.

Shares of NYSE DVMT opened at $103.92 on Monday. The firm has a market cap of $79.82 billion, a P/E ratio of 14.82, a P/E/G ratio of 1.87 and a beta of 0.40. Dell Technologies Inc has a 12-month low of $64.96 and a 12-month high of $107.22. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.80 and a current ratio of 0.88.

Dell Technologies (NYSE:DVMT) last issued its earnings results on Thursday, September 6th. The company reported $1.81 earnings per share (EPS) for the quarter. The business had revenue of $22.94 billion for the quarter. Dell Technologies had a negative net margin of 3.01% and a positive return on equity of 30.61%. Equities research analysts predict that Dell Technologies Inc will post 6.1 earnings per share for the current fiscal year.

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Dell Technologies 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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Institutional Ownership by Quarter for Dell Technologies (NYSE:DVMT)

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