GSA Capital Partners LLP Invests $253,000 in Dell Technologies Inc (DVMT)
GSA Capital Partners LLP bought a new position in shares of Dell Technologies Inc (NYSE:DVMT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,995 shares of the company’s stock, valued at approximately $253,000.
A number of other large investors also recently made changes to their positions in the stock. TCW Group Inc. raised its position in shares of Dell Technologies by 13.8% in the 2nd quarter. TCW Group Inc. now owns 71,585 shares of the company’s stock worth $6,055,000 after acquiring an additional 8,700 shares in the last quarter. Serengeti Asset Management LP bought a new position in shares of Dell Technologies in the 2nd quarter worth about $6,766,000. KBC Group NV raised its position in shares of Dell Technologies by 70.9% in the 2nd quarter. KBC Group NV now owns 711,848 shares of the company’s stock worth $60,208,000 after acquiring an additional 295,415 shares in the last quarter. Mark Asset Management Corp raised its position in shares of Dell Technologies by 298.1% in the 1st quarter. Mark Asset Management Corp now owns 153,251 shares of the company’s stock worth $11,220,000 after acquiring an additional 114,753 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Dell Technologies by 3.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 664,001 shares of the company’s stock worth $56,162,000 after acquiring an additional 23,871 shares in the last quarter. 23.20% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on DVMT shares. Deutsche Bank lifted their price objective on Dell Technologies from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. Zacks Investment Research raised Dell Technologies from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Wednesday, July 4th. ValuEngine lowered Dell Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $105.00 price objective on shares of Dell Technologies in a research report on Tuesday, July 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Dell Technologies presently has a consensus 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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