Dell Technologies Inc (DVMT) Holdings Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its holdings in shares of Dell Technologies Inc (NYSE:DVMT) by 3.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 664,001 shares of the company’s stock after purchasing an additional 23,871 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Dell Technologies were worth $56,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. TCW Group Inc. increased its stake in Dell Technologies by 13.8% during the second quarter. TCW Group Inc. now owns 71,585 shares of the company’s stock valued at $6,055,000 after acquiring an additional 8,700 shares during the period. Mark Asset Management Corp grew its stake in shares of Dell Technologies by 298.1% in the 1st quarter. Mark Asset Management Corp now owns 153,251 shares of the company’s stock valued at $11,220,000 after purchasing an additional 114,753 shares during the period. KBC Group NV grew its stake in shares of Dell Technologies by 70.9% in the 2nd quarter. KBC Group NV now owns 711,848 shares of the company’s stock valued at $60,208,000 after purchasing an additional 295,415 shares during the period. Serengeti Asset Management LP bought a new stake in shares of Dell Technologies in the 2nd quarter valued at approximately $6,766,000. Finally, Prudential Financial Inc. grew its stake in shares of Dell Technologies by 27.0% in the 1st quarter. Prudential Financial Inc. now owns 868,195 shares of the company’s stock valued at $63,560,000 after purchasing an additional 184,765 shares during the period. 23.34% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on DVMT shares. Zacks Investment Research upgraded Dell Technologies from a “hold” rating to a “strong-buy” rating and set a $83.00 price target on the stock in a research report on Tuesday, May 1st. Deutsche Bank upped their price objective on Dell Technologies from $114.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, June 5th. ValuEngine raised Dell Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $105.00 price target on shares of Dell Technologies in a research note on Tuesday, July 3rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Dell Technologies has an average rating of “Buy” and an average target price of $108.50.

DVMT stock opened at $95.34 on Monday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.87 and a current ratio of 0.93. The firm has a market capitalization of $73.35 billion, a PE ratio of 15.45 and a beta of -0.17. Dell Technologies Inc has a twelve month low of $64.96 and a twelve month high of $96.15.

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

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

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