First Trust Advisors LP increased its position in Dell Technologies Inc (NYSE:DVMT) by 2,142.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,849 shares of the company’s stock after acquiring an additional 87,753 shares during the quarter. First Trust Advisors LP’s holdings in Dell Technologies were worth $7,769,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Canyon Capital Advisors LLC lifted its position in Dell Technologies by 694.4% during the first 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 last quarter. Farallon Capital Management LLC lifted its position in Dell Technologies by 49.4% during the first quarter. Farallon Capital Management LLC now owns 7,027,500 shares of the company’s stock valued at $514,483,000 after purchasing an additional 2,324,060 shares during the last quarter. FIL Ltd lifted its position in Dell Technologies by 92.5% during the first quarter. FIL Ltd now owns 4,200,320 shares of the company’s stock valued at $307,505,000 after purchasing an additional 2,017,944 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in Dell Technologies by 395.1% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,019,145 shares of the company’s stock valued at $86,199,000 after purchasing an additional 813,315 shares during the last quarter. Finally, Barclays PLC lifted its position in Dell Technologies by 54.7% during the first quarter. Barclays PLC now owns 1,327,139 shares of the company’s stock valued at $97,160,000 after purchasing an additional 469,498 shares during the last quarter. Institutional investors own 23.52% of the company’s stock.

DVMT has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Dell Technologies from a “hold” rating to a “strong-buy” rating and set a $83.00 target price for the company in a research report on Tuesday, May 1st. Deutsche Bank lifted their target price on shares of Dell Technologies from $114.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, June 5th. ValuEngine lowered shares of Dell Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $105.00 target price on shares of Dell Technologies in a research report on Tuesday, July 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Dell Technologies currently has a consensus rating of “Buy” and an average target price of $108.50.

DVMT stock opened at $95.34 on Friday. The company has a market cap of $73.17 billion, a price-to-earnings ratio of 15.45 and a beta of -0.17. Dell Technologies Inc has a one year low of $64.96 and a one year high of $96.15. 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 (NYSE:DVMT) last posted its quarterly 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 firm had revenue of $21.36 billion for the quarter. Dell Technologies had a negative net margin of 3.69% and a positive return on equity of 27.01%.

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

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