Dell Technologies (DVMT) Downgraded By ValuEngine To Hold

Dell Technologies was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

DVMT has been the topic of a number of other research reports. 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 upgraded Dell Technologies from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Wednesday, July 4th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set 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. The stock has a consensus rating of “Buy” and an average price target of $108.50.

Dell Technologies stock traded down $0.92 during trading on Wednesday, reaching $95.46. 1,591,300 shares of the company were exchanged, compared to its average volume of 1,936,471. Dell Technologies has a 52-week low of $64.96 and a 52-week high of $99.02. The company has a market cap of $75.90 billion, a price-to-earnings ratio of 15.47 and a beta of -0.16. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.80 and a current ratio of 0.88.

A number of institutional investors have recently made changes to their positions in the stock. Balter Liquid Alternatives LLC raised its position in Dell Technologies by 14.9% in the second quarter. Balter Liquid Alternatives LLC now owns 4,232 shares of the company’s stock valued at $390,000 after purchasing an additional 548 shares during the period. Assetmark Inc. raised its position in Dell Technologies by 1.0% in the second quarter.

Assetmark Inc. now owns 60,701 shares of the company’s stock valued at $5,134,000 after purchasing an additional 604 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Dell Technologies by 7.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,155 shares of the company’s stock valued at $774,000 after purchasing an additional 663 shares during the period. Whittier Trust Co. raised its position in Dell Technologies by 8.1% in the second quarter. Whittier Trust Co. now owns 9,399 shares of the company’s stock valued at $795,000 after purchasing an additional 708 shares during the period. Finally, Violich Capital Management Inc. raised its position in Dell Technologies by 0.5% in the second quarter. Violich Capital Management Inc. now owns 148,602 shares of the company’s stock valued at $12,569,000 after purchasing an additional 714 shares during the period. Hedge funds and other institutional investors own 23.20% of the company’s stock. – Fair Field Current