Dell Technologies Inc (DVMT) Receives Average Rating of “Buy” from Brokerages

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Shares of Dell Technologies Inc (NYSE:DVMT) have earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $108.50.

A number of equities research analysts have weighed in on the company. Deutsche Bank lifted their price objective on Dell Technologies from $114.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, June 5th. ValuEngine raised Dell Technologies from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Dell Technologies in a report on Tuesday, July 3rd. Finally, Zacks Investment Research raised Dell Technologies from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Wednesday, July 4th.

NYSE DVMT opened at $98.65 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market cap of $74.81 billion, a price-to-earnings ratio of 15.99 and a beta of -0.15. Dell Technologies has a 1-year low of $64.96 and a 1-year high of $99.02.

Several institutional investors and hedge funds have recently made changes to their positions in DVMT. Canyon Capital Advisors LLC boosted its holdings in shares of Dell Technologies by 694.4% in the 1st quarter. Canyon Capital Advisors LLC now owns 3,035,577 shares of the company’s stock worth $222,235,000 after acquiring an additional 2,653,460 shares in the last quarter. Farallon Capital Management LLC boosted its holdings in shares of Dell Technologies by 49.4% in the 1st quarter. Farallon Capital Management LLC now owns 7,027,500 shares of the company’s stock worth $514,483,000 after acquiring an additional 2,324,060 shares in the last quarter. FIL Ltd boosted its holdings in shares of Dell Technologies by 92.5% in the 1st quarter. FIL Ltd now owns 4,200,320 shares of the company’s stock worth $307,505,000 after acquiring an additional 2,017,944 shares in the last quarter. Third Point LLC acquired a new position in shares of Dell Technologies in the 2nd quarter worth approximately $169,160,000. Finally, Alpine Associates Management Inc. acquired a new position in shares of Dell Technologies in the 2nd quarter worth approximately $90,101,000. 23.34% of the stock is currently owned by institutional investors and hedge funds.

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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