Dell Technologies Inc (DVMT) Stake Lowered by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in Dell Technologies Inc (NYSE:DVMT) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 363,548 shares of the company’s stock after selling 40,760 shares during the quarter. California Public Employees Retirement System’s holdings in Dell Technologies were worth $30,749,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. American International Group Inc. increased its position in Dell Technologies by 47.3% during the first quarter. American International Group Inc. now owns 7,160 shares of the company’s stock worth $524,000 after acquiring an additional 2,299 shares during the period. Glen Harbor Capital Management LLC increased its position in Dell Technologies by 39.9% during the first quarter. Glen Harbor Capital Management LLC now owns 7,364 shares of the company’s stock worth $539,000 after acquiring an additional 2,100 shares during the period. Federated Investors Inc. PA increased its position in Dell Technologies by 9.9% during the first quarter. Federated Investors Inc. PA now owns 10,418 shares of the company’s stock worth $763,000 after acquiring an additional 938 shares during the period. Candriam Luxembourg S.C.A. increased its position in Dell Technologies by 38.1% during the first quarter. Candriam Luxembourg S.C.A. now owns 27,464 shares of the company’s stock worth $2,011,000 after acquiring an additional 7,577 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in Dell Technologies by 16.4% during the first quarter. Gamco Investors INC. ET AL now owns 14,881 shares of the company’s stock worth $1,089,000 after acquiring an additional 2,100 shares during the period. 23.20% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on the stock. ValuEngine lowered shares of Dell Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Deutsche Bank boosted their target price on shares of Dell Technologies from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $105.00 target price on shares of Dell Technologies in a research report on Tuesday, July 3rd. Finally, Zacks Investment Research raised shares of Dell Technologies from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Wednesday, July 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Dell Technologies presently has an average rating of “Buy” and an average price target of $108.50.

Shares of DVMT stock opened at $96.61 on Thursday. Dell Technologies Inc has a 1 year low of $64.96 and a 1 year high of $99.02. The firm has a market cap of $73.89 billion, a P/E ratio of 15.63 and a beta of -0.15. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.80 and a current ratio of 0.88.

Dell Technologies (NYSE:DVMT) last announced its quarterly earnings results on Thursday, September 6th. The company reported $1.81 earnings per share (EPS) for the quarter. The firm had revenue of $22.94 billion for the quarter. Dell Technologies had a negative net margin of 3.01% and a positive return on equity of 30.61%.

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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