Dell Technologies Inc (DVMT) Given Consensus Rating of “Buy” by Brokerages

Shares of Dell Technologies Inc (NYSE:DVMT) have earned a consensus rating of “Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $108.50.

Several equities research analysts have weighed in on the company. ValuEngine upgraded Dell Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Zacks Investment Research upgraded Dell Technologies from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Wednesday, July 4th. Wells Fargo & Co restated an “outperform” rating and set a $105.00 target price on shares of Dell Technologies in a research note on Tuesday, July 3rd. Finally, Deutsche Bank upped their target price on Dell Technologies from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, June 5th.

NYSE DVMT traded up $0.07 on Wednesday, hitting $95.41. 1,244,687 shares of the company’s stock were exchanged, compared to its average volume of 1,986,314. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.93 and a quick ratio of 0.87. Dell Technologies has a 52 week low of $64.96 and a 52 week high of $96.15. The stock has a market capitalization of $73.35 billion, a PE ratio of 15.55 and a beta of -0.17.

Dell Technologies (NYSE:DVMT) last released its earnings results on Monday, June 4th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.08. Dell Technologies had a positive return on equity of 27.01% and a negative net margin of 3.69%. The firm had revenue of $21.36 billion during the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Balter Liquid Alternatives LLC raised its position in Dell Technologies by 14.9% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 4,232 shares of the company’s stock worth $390,000 after purchasing an additional 548 shares during the last quarter. Assetmark Inc. raised its position in Dell Technologies by 1.0% during the 2nd quarter. Assetmark Inc. now owns 60,701 shares of the company’s stock worth $5,134,000 after purchasing an additional 604 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Dell Technologies by 7.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,155 shares of the company’s stock worth $774,000 after purchasing an additional 663 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Dell Technologies by 1.0% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 72,991 shares of the company’s stock worth $5,344,000 after purchasing an additional 700 shares during the last quarter. Finally, Whittier Trust Co. raised its position in Dell Technologies by 8.1% during the 2nd quarter. Whittier Trust Co. now owns 9,399 shares of the company’s stock worth $795,000 after purchasing an additional 708 shares during the last quarter. Institutional investors own 23.34% of the company’s stock.

About Dell Technologies

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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