Meeder Asset Management Inc. decreased its position in Dell Technologies (NYSE:DVMT) by 89.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,948 shares of the company’s stock after selling 16,346 shares during the period. Meeder Asset Management Inc.’s holdings in Dell Technologies were worth $143,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $129,000. SeaCrest Wealth Management LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $136,000. We Are One Seven LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $137,000. Investors Research Corp acquired a new stake in Dell Technologies in the fourth quarter valued at $225,000. Finally, Advisor Partners LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $230,000. 23.02% of the stock is currently owned by institutional investors.
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DVMT opened at $73.66 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 2.94. The firm has a market cap of $57.18 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.43 and a beta of -0.45. Dell Technologies has a 52 week low of $73.01 and a 52 week high of $75.05.
Dell Technologies (NYSE:DVMT) last posted its quarterly earnings data on Thursday, March 8th. The company reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.75. The business had revenue of $21.94 billion for the quarter. Dell Technologies had a positive return on equity of 23.17% and a negative net margin of 4.74%. equities analysts predict that Dell Technologies will post 5.76 earnings per share for the current fiscal year.
Several analysts have weighed in on the company. Zacks Investment Research lowered Dell Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday. ValuEngine lowered Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Stifel Nicolaus lowered Dell Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Wells Fargo assumed coverage on Dell Technologies in a report on Wednesday, February 28th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank assumed coverage on Dell Technologies in a report on Wednesday, February 28th. They issued a “buy” rating and a $114.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $101.00.
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.