Corsair Capital Management L.P. lessened its holdings in Dell Technologies Inc (NYSE:DVMT) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,692 shares of the company’s stock after selling 1,096 shares during the quarter. Corsair Capital Management L.P.’s holdings in Dell Technologies were worth $2,495,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Dell Technologies by 1.8% in the third quarter. BlackRock Inc. now owns 12,720,675 shares of the company’s stock valued at $1,235,430,000 after acquiring an additional 230,479 shares during the period. FMR LLC increased its position in shares of Dell Technologies by 5.3% in the second quarter. FMR LLC now owns 7,178,790 shares of the company’s stock valued at $607,182,000 after acquiring an additional 361,901 shares during the period. Renaissance Technologies LLC increased its position 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 acquiring an additional 794,800 shares during the period. Primecap Management Co. CA increased its position in shares of Dell Technologies by 27.7% in the third quarter. Primecap Management Co. CA now owns 3,727,141 shares of the company’s stock valued at $361,980,000 after acquiring an additional 807,412 shares during the period. Finally, Canyon Capital Advisors LLC increased its position in shares of Dell Technologies by 8.1% in the second quarter. Canyon Capital Advisors LLC now owns 3,280,900 shares of the company’s stock valued at $277,499,000 after acquiring an additional 245,323 shares during the period. Institutional investors own 22.93% of the company’s stock.
A number of equities analysts have issued reports on DVMT shares. Deutsche Bank boosted their price objective on shares of Dell Technologies from $106.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, November 16th. ValuEngine cut shares of Dell Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Dell Technologies has a consensus rating of “Buy” and an average target price of $107.00.
Dell Technologies (NYSE:DVMT) last released its quarterly earnings data on Thursday, November 29th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.32. Dell Technologies had a negative net margin of 2.84% and a positive return on equity of 30.92%. The firm had revenue of $22.48 billion for the quarter. As a group, equities analysts predict that Dell Technologies Inc will post 6.1 EPS for the current 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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