Capital Fund Management S.A. cut its stake in shares of Dell Technologies Inc (NYSE:DVMT) by 61.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 121,203 shares of the company’s stock after selling 197,300 shares during the quarter. Capital Fund Management S.A.’s holdings in Dell Technologies were worth $11,771,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DVMT. Third Point LLC acquired a new position in shares of Dell Technologies during the second quarter worth $169,160,000. Laurion Capital Management LP acquired a new position in shares of Dell Technologies during the third quarter worth $100,122,000. Alpine Associates Management Inc. acquired a new position in shares of Dell Technologies during the second quarter worth $90,101,000. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of 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 worth $86,199,000 after buying an additional 813,315 shares in the last quarter. Finally, Primecap Management Co. CA increased its holdings in shares of Dell Technologies by 27.7% during the third quarter. Primecap Management Co. CA now owns 3,727,141 shares of the company’s stock worth $361,980,000 after buying an additional 807,412 shares in the last quarter. Institutional investors own 23.16% of the company’s stock.

Separately, ValuEngine downgraded shares of Dell Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Dell Technologies has an average rating of “Buy” and an average target price of $108.50.

NYSE DVMT traded up $1.06 on Thursday, reaching $106.75. The company had a trading volume of 100,097 shares, compared to its average volume of 1,927,024. The company has a market capitalization of $75.65 billion, a price-to-earnings ratio of 17.25 and a beta of 0.40. Dell Technologies Inc has a fifty-two week low of $64.96 and a fifty-two week high of $106.05. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 2.66.

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

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

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