Melqart Asset Management UK Ltd Buys New Stake in Dell Technologies Inc (DVMT)

Share on StockTwits

Melqart Asset Management UK Ltd bought a new position in shares of Dell Technologies Inc (NYSE:DVMT) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 433,997 shares of the company’s stock, valued at approximately $31,773,000. Dell Technologies comprises about 3.8% of Melqart Asset Management UK Ltd’s investment portfolio, making the stock its 8th largest holding. Melqart Asset Management UK Ltd owned 0.06% of Dell Technologies as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. SeaCrest Wealth Management LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $136,000. We Are One Seven LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $137,000. Investors Research Corp purchased a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $225,000. Roberts Glore & Co. Inc. IL raised its position in shares of Dell Technologies by 31.0% during the 1st quarter. Roberts Glore & Co. Inc. IL now owns 3,566 shares of the company’s stock valued at $261,000 after buying an additional 843 shares during the period. Finally, Balter Liquid Alternatives LLC purchased a new stake in shares of Dell Technologies during the 1st quarter valued at approximately $270,000. Institutional investors and hedge funds own 22.74% of the company’s stock.

Several research firms have recently commented on DVMT. Deutsche Bank lifted their price target 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. Zacks Investment Research lowered shares of Dell Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 14th. ValuEngine lowered shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Stifel Nicolaus lowered shares of Dell Technologies from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Finally, Wells Fargo & Co assumed coverage on shares of Dell Technologies in a research report on Wednesday, February 28th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Dell Technologies presently has a consensus rating of “Buy” and a consensus price target of $103.00.

Shares of Dell Technologies opened at $88.78 on Friday, according to Marketbeat Ratings. The company has a market capitalization of $68.63 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.61 and a beta of -0.33. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.87 and a current ratio of 0.93. Dell Technologies Inc has a 52-week low of $59.92 and a 52-week high of $92.40.

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.

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

Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply