Dell Technologies Inc (DVMT) Position Lowered by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in Dell Technologies Inc (NYSE:DVMT) by 56.9% during the third quarter, HoldingsChannel.com reports. The firm owned 1,740 shares of the company’s stock after selling 2,300 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Dell Technologies were worth $169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cornerstone Wealth Management LLC bought a new position in Dell Technologies in the second quarter valued at about $110,000. TD Asset Management Inc. bought a new position in Dell Technologies in the second quarter valued at about $202,000. Manchester Capital Management LLC grew its position in Dell Technologies by 85.7% in the second quarter. Manchester Capital Management LLC now owns 2,411 shares of the company’s stock valued at $204,000 after acquiring an additional 1,113 shares during the last quarter. Chesley Taft & Associates LLC bought a new position in Dell Technologies in the second quarter valued at about $206,000. Finally, Advisor Partners LLC bought a new position in Dell Technologies in the second quarter valued at about $207,000. Institutional investors own 23.16% of the company’s stock.

Dell Technologies stock opened at $91.18 on Friday. Dell Technologies Inc has a 12-month low of $64.96 and a 12-month high of $99.02. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $70.03 billion, a price-to-earnings ratio of 13.01 and a beta of 0.40.

Dell Technologies (NYSE:DVMT) last released 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.

Separately, ValuEngine cut 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 assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $108.50.

Dell Technologies Company 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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