OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Dell Technologies Inc (NYSE:DVMT) by 14.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,200 shares of the company’s stock after purchasing an additional 1,400 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Dell Technologies were worth $947,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. PointState Capital LP raised its stake in shares of Dell Technologies by 172.6% in the second quarter. PointState Capital LP now owns 39,700 shares of the company’s stock valued at $3,358,000 after acquiring an additional 25,134 shares during the period. Omni Partners LLP purchased a new position in Dell Technologies in the 2nd quarter worth about $19,832,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Dell Technologies by 1.2% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 327,243 shares of the company’s stock worth $27,678,000 after buying an additional 3,800 shares during the period. Colony Group LLC purchased a new position in Dell Technologies in the 2nd quarter worth about $222,000. Finally, Canyon Capital Advisors LLC increased its stake in Dell Technologies by 8.1% in the 2nd quarter. Canyon Capital Advisors LLC now owns 3,280,900 shares of the company’s stock worth $277,499,000 after buying an additional 245,323 shares during the period. 23.34% of the stock is currently owned by institutional investors and hedge funds.

DVMT has been the topic of several recent analyst reports. ValuEngine raised shares of Dell Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Zacks Investment Research raised shares of Dell Technologies from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Wednesday, July 4th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Dell Technologies in a research note on Tuesday, July 3rd. Finally, Deutsche Bank raised 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 research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Dell Technologies currently has a consensus rating of “Buy” and a consensus price target of $108.50.

DVMT stock opened at $98.65 on Friday. The stock has a market capitalization of $74.81 billion, a P/E ratio of 15.99 and a beta of -0.15. Dell Technologies Inc has a 12 month low of $64.96 and a 12 month high of $99.02. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 2.66.

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.

See Also: Exchange-Traded Funds (ETFs)

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

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