Dell Technologies (DVMT) Downgraded by ValuEngine to Buy

ValuEngine downgraded shares of Dell Technologies (NYSE:DVMT) from a strong-buy rating to a buy rating in a report released on Monday.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus downgraded Dell Technologies from a buy rating to a hold rating in a research report on Friday, March 2nd. Wells Fargo started coverage on Dell Technologies in a research report on Wednesday, February 28th. They issued an outperform rating for the company. Deutsche Bank started coverage on Dell Technologies in a research report on Wednesday, February 28th. They issued a buy rating and a $114.00 target price for the company. Gabelli started coverage on Dell Technologies in a research report on Wednesday, January 31st. They issued a buy rating and a $106.00 target price for the company. Finally, TheStreet upgraded Dell Technologies from a d- rating to a c- rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $110.00.

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NYSE:DVMT traded down $0.90 during trading hours on Monday, hitting $71.91. The company’s stock had a trading volume of 215,819 shares, compared to its average volume of 2,483,841. The firm has a market capitalization of $56,142.17, a PE ratio of 11.65, a price-to-earnings-growth ratio of 1.40 and a beta of -0.50. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 2.94. Dell Technologies has a twelve month low of $59.92 and a twelve month high of $92.40.

Dell Technologies (NYSE:DVMT) last released its quarterly earnings data on Thursday, March 8th. The company reported $2.39 earnings per share for the quarter, beating the consensus estimate 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%. analysts anticipate that Dell Technologies will post 5.76 EPS for the current fiscal year.

In other news, insider David I. Goulden sold 4,700 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $87.48, for a total transaction of $411,156.00. Following the completion of the transaction, the insider now directly owns 19,955 shares in the company, valued at $1,745,663.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael S. Dell acquired 12,967 shares of the stock in a transaction dated Monday, January 8th. The shares were bought at an average price of $33.17 per share, with a total value of $430,115.39. Following the completion of the transaction, the chief executive officer now directly owns 552,241 shares of the company’s stock, valued at $18,317,833.97. The disclosure for this purchase can be found here. 45.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB raised its position in shares of Dell Technologies by 8.2% during the fourth quarter. Xact Kapitalforvaltning AB now owns 25,359 shares of the company’s stock worth $2,061,000 after acquiring an additional 1,912 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Dell Technologies by 14.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 113,946 shares of the company’s stock worth $9,262,000 after purchasing an additional 14,573 shares in the last quarter. J. Goldman & Co LP increased its holdings in Dell Technologies by 324.5% in the fourth quarter. J. Goldman & Co LP now owns 943,454 shares of the company’s stock worth $76,684,000 after purchasing an additional 721,191 shares in the last quarter. We Are One Seven LLC bought a new stake in Dell Technologies in the fourth quarter worth approximately $137,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Dell Technologies by 52.7% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 11,300 shares of the company’s stock worth $918,000 after purchasing an additional 3,900 shares in the last quarter. Institutional investors own 23.12% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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