Investment analysts at Wells Fargo & Co began coverage on shares of Dell Technologies (NYSE:DVMT) in a research report issued on Wednesday, The Fly reports. The brokerage set an “outperform” rating on the stock.
Several other equities analysts also recently weighed in on the company. Deutsche Bank assumed coverage on Dell Technologies in a research report on Wednesday. They set a “buy” rating for the company. TheStreet raised Dell Technologies from a “d-” rating to a “c-” rating in a research report on Wednesday, February 14th. BidaskClub downgraded Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. ValuEngine raised Dell Technologies from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Finally, Gabelli assumed coverage on Dell Technologies in a research report on Wednesday, January 31st. They set a “buy” rating and a $106.00 price target for the company. Five equities research analysts have rated the stock with a buy rating, Dell Technologies currently has an average rating of “Buy” and an average price target of $106.00.
Dell Technologies (NYSE DVMT) opened at $72.74 on Wednesday. The stock has a market capitalization of $55,695.93, a price-to-earnings ratio of -10.03, a P/E/G ratio of 1.47 and a beta of -1.25. Dell Technologies has a 1-year low of $59.92 and a 1-year high of $92.40. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 2.98.
In other news, insider David I. Goulden sold 4,700 shares of Dell Technologies stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $87.48, for a total value of $411,156.00. Following the completion of the sale, the insider now owns 19,955 shares of the company’s stock, valued at $1,745,663.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael S. Dell acquired 12,967 shares of the stock in a transaction dated Monday, January 8th. The stock was acquired at an average cost of $33.17 per share, with a total value of $430,115.39. Following the transaction, the chief executive officer now owns 552,241 shares of the company’s stock, valued at $18,317,833.97. The disclosure for this purchase can be found here. Insiders have sold 14,100 shares of company stock valued at $1,171,898 in the last three months. 45.00% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Allianz Asset Management GmbH grew its position in shares of Dell Technologies by 866.9% in the third quarter. Allianz Asset Management GmbH now owns 155,501 shares of the company’s stock valued at $12,006,000 after purchasing an additional 139,419 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Dell Technologies in the third quarter valued at $414,000. Accident Compensation Corp grew its position in shares of Dell Technologies by 17.9% in the fourth quarter. Accident Compensation Corp now owns 44,776 shares of the company’s stock valued at $3,639,000 after purchasing an additional 6,805 shares during the period. Beach Point Capital Management LP purchased a new stake in Dell Technologies during the third quarter valued at about $7,906,000. Finally, Cowen Inc. purchased a new stake in Dell Technologies during the third quarter valued at about $2,471,000. 22.33% of the stock is owned by institutional investors and hedge funds.
Dell Technologies Company Profile
Dell Technologies Inc, formerly Denali Holding Inc, is a provider of information technology solutions. The Company operates through two segments: Client Solutions and Enterprise Solutions Group (ESG). The Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products and notebooks, as well as services and third-party software and peripherals closely tied to the sale of Client Solutions hardware.
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