Systematic Financial Management LP grew its stake in Dell Technologies Inc (NYSE:DVMT) by 333.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,340 shares of the company’s stock after purchasing an additional 113,315 shares during the period. Systematic Financial Management LP’s holdings in Dell Technologies were worth $12,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DVMT. Assetmark Inc. lifted its holdings in shares of Dell Technologies by 1.0% during the 2nd quarter. Assetmark Inc. now owns 60,701 shares of the company’s stock worth $5,134,000 after acquiring an additional 604 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Dell Technologies by 7.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,155 shares of the company’s stock worth $774,000 after acquiring an additional 663 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Dell Technologies by 1.0% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 72,991 shares of the company’s stock worth $5,344,000 after acquiring an additional 700 shares during the period. Whittier Trust Co. lifted its holdings in shares of Dell Technologies by 8.1% during the 2nd quarter. Whittier Trust Co. now owns 9,399 shares of the company’s stock worth $795,000 after acquiring an additional 708 shares during the period. Finally, Violich Capital Management Inc. lifted its holdings in shares of Dell Technologies by 0.5% during the 2nd quarter. Violich Capital Management Inc. now owns 148,602 shares of the company’s stock worth $12,569,000 after acquiring an additional 714 shares during the period. Institutional investors own 22.71% of the company’s stock.

DVMT has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Dell Technologies from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a 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. ValuEngine downgraded shares of Dell Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Finally, Deutsche Bank lifted their price target on shares of Dell Technologies from $114.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, June 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Dell Technologies currently has an average rating of “Buy” and a consensus target price of $108.50.

Shares of DVMT stock opened at $95.05 on Monday. Dell Technologies Inc has a 12-month low of $64.96 and a 12-month high of $96.15. The stock has a market cap of $72.73 billion, a P/E ratio of 15.41 and a beta of -0.17. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 2.64.

Dell Technologies (NYSE:DVMT) last announced its quarterly earnings results on Monday, June 4th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.08. Dell Technologies had a negative net margin of 3.69% and a positive return on equity of 27.01%. The firm had revenue of $21.36 billion during the quarter.

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.

Read More: What does relative strength index mean?

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

Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.