Riverhead Capital Management LLC grew its position in Dell Technologies Inc (NYSE:DVMT) by 67.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,250 shares of the company’s stock after acquiring an additional 16,550 shares during the period. Riverhead Capital Management LLC’s holdings in Dell Technologies were worth $4,006,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. People s United Financial Inc. lifted its position in Dell Technologies by 17.8% in the 3rd quarter. People s United Financial Inc. now owns 10,652 shares of the company’s stock valued at $1,034,000 after acquiring an additional 1,609 shares in the last quarter. Kite Lake Capital Management UK LLP bought a new stake in Dell Technologies in the 3rd quarter valued at $11,848,000. Honkamp Krueger Financial Services Inc. bought a new stake in Dell Technologies in the 3rd quarter valued at $152,000. GAM Holding AG lifted its position in Dell Technologies by 35.2% in the 3rd quarter. GAM Holding AG now owns 9,702 shares of the company’s stock valued at $942,000 after acquiring an additional 2,525 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in Dell Technologies by 27.7% in the 3rd quarter. Primecap Management Co. CA now owns 3,727,141 shares of the company’s stock valued at $361,980,000 after acquiring an additional 807,412 shares in the last quarter. Institutional investors own 22.93% of the company’s stock.

Shares of NYSE:DVMT opened at $105.45 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 2.66. Dell Technologies Inc has a one year low of $64.96 and a one year high of $107.22. The stock has a market cap of $80.23 billion, a price-to-earnings ratio of 17.09 and a beta of 0.47.

Dell Technologies (NYSE:DVMT) last issued its quarterly earnings results on Thursday, November 29th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.50 by $0.32. Dell Technologies had a negative net margin of 2.84% and a positive return on equity of 30.92%. The firm had revenue of $22.48 billion for the quarter. As a group, equities analysts forecast that Dell Technologies Inc will post 6.1 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. ValuEngine cut shares of Dell Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Deutsche Bank boosted their price target on shares of Dell Technologies from $106.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, November 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $107.00.

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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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Institutional Ownership by Quarter for Dell Technologies (NYSE:DVMT)

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