Dell Technologies (NYSE:DVMT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $103.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 8.62% from the stock’s current price.
According to Zacks, “Dell Technologies Inc. is a provider of information technology solutions. The company’s operating segment consists of Client Solutions, Enterprise Solutions Group and Dell Software Group. Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks as well as services and third-party software and peripherals of Client Solutions hardware. ESG segment includes servers, networking and storage as well as services and third-party software and peripherals of ESG hardware. DSG segment includes systems management, security software solutions and information management software offerings. Dell Technologies Inc. is headquartered in Round Rock, Texas. “
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Other research analysts have also issued research reports about the company. Deutsche Bank lifted their target price on Dell Technologies from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. ValuEngine lowered Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $105.00 target price on shares of Dell Technologies in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $108.50.
Shares of Dell Technologies traded up $2.63, hitting $94.83, during mid-day trading on Wednesday, according to Marketbeat.com. The stock had a trading volume of 4,695,787 shares, compared to its average volume of 2,157,325. The firm has a market cap of $70.94 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.67 and a beta of -0.34. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 2.64. Dell Technologies has a fifty-two week low of $59.92 and a fifty-two week high of $95.18.
Dell Technologies (NYSE:DVMT) last issued its earnings results on Monday, June 4th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.16 by $0.08. The company had revenue of $21.36 billion during the quarter. Dell Technologies had a positive return on equity of 27.01% and a negative net margin of 3.69%. sell-side analysts predict that Dell Technologies will post 6.11 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Canyon Capital Advisors LLC boosted its position in Dell Technologies by 694.4% during the 1st quarter. Canyon Capital Advisors LLC now owns 3,035,577 shares of the company’s stock valued at $222,235,000 after purchasing an additional 2,653,460 shares during the period. Amalgamated Bank boosted its position in Dell Technologies by 9.6% during the 1st quarter. Amalgamated Bank now owns 26,134 shares of the company’s stock valued at $1,913,000 after purchasing an additional 2,279 shares during the period. Burren Capital Advisors Ltd boosted its position in Dell Technologies by 5.5% during the 1st quarter. Burren Capital Advisors Ltd now owns 57,930 shares of the company’s stock valued at $4,241,000 after purchasing an additional 3,030 shares during the period. Xact Kapitalforvaltning AB boosted its position in Dell Technologies by 36.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 34,623 shares of the company’s stock valued at $2,535,000 after purchasing an additional 9,264 shares during the period. Finally, Mark Asset Management Corp boosted its position in Dell Technologies by 298.1% during the 1st quarter. Mark Asset Management Corp now owns 153,251 shares of the company’s stock valued at $11,220,000 after purchasing an additional 114,753 shares during the period. Institutional investors own 22.74% of the company’s stock.
About Dell Technologies
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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