Aperio Group LLC trimmed its stake in Dell Technologies Inc (NYSE:DVMT) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,328 shares of the company’s stock after selling 2,282 shares during the period. Aperio Group LLC’s holdings in Dell Technologies were worth $10,516,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC lifted its position in shares of Dell Technologies by 1,169.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,434 shares of the company’s stock worth $105,000 after buying an additional 1,321 shares in the last quarter. Chesley Taft & Associates LLC purchased a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $206,000. Advisor Partners LLC purchased a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $207,000. Wetherby Asset Management Inc. purchased a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $231,000. Finally, Mariner LLC purchased a new position in Dell Technologies in the 1st quarter valued at approximately $213,000. Institutional investors and hedge funds own 23.34% of the company’s stock.
Shares of NYSE DVMT traded down $0.46 during midday trading on Friday, hitting $96.17. The stock had a trading volume of 922,800 shares, compared to its average volume of 1,966,724. The company has a market cap of $73.29 billion, a PE ratio of 15.61 and a beta of -0.17. Dell Technologies Inc has a 52 week low of $64.96 and a 52 week high of $97.10. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.87 and a current ratio of 0.93.
A number of research firms recently weighed in on DVMT. ValuEngine upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Zacks Investment Research upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Wednesday, July 4th. 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, Deutsche Bank boosted their price target on shares of Dell Technologies from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, June 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Dell Technologies has an average rating of “Buy” and a consensus price target of $108.50.
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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