Corsair Capital Management L.P. Reduces Position in Dell Technologies Inc (DVMT)

Corsair Capital Management L.P. lowered its holdings in shares of Dell Technologies Inc (NYSE:DVMT) by 4.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 25,692 shares of the company’s stock after selling 1,096 shares during the period. Corsair Capital Management L.P.’s holdings in Dell Technologies were worth $2,495,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of DVMT. Cornerstone Wealth Management LLC bought a new stake in Dell Technologies during the second quarter worth about $110,000. Honkamp Krueger Financial Services Inc. bought a new stake in Dell Technologies during the third quarter worth about $152,000. Harvest Fund Management Co. Ltd boosted its stake in Dell Technologies by 108.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,966 shares of the company’s stock worth $191,000 after acquiring an additional 1,021 shares in the last quarter. TD Asset Management Inc. bought a new stake in Dell Technologies during the second quarter worth about $202,000. Finally, Roanoke Asset Management Corp NY bought a new stake in Dell Technologies during the third quarter worth about $203,000. 22.93% of the stock is currently owned by institutional investors and hedge funds.

DVMT opened at $105.61 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 2.66. The company has a market cap of $80.23 billion, a price-to-earnings ratio of 17.12 and a beta of 0.47. Dell Technologies Inc has a 12-month low of $64.96 and a 12-month high of $107.22.



Dell Technologies (NYSE:DVMT) last announced its earnings results on Thursday, November 29th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.32. The company had revenue of $22.48 billion for the quarter. Dell Technologies had a negative net margin of 2.84% and a positive return on equity of 30.92%. Analysts expect that Dell Technologies Inc will post 6.1 EPS for the current year.

Several research analysts have recently issued reports on DVMT shares. Deutsche Bank upped their target price on shares of Dell Technologies from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, November 16th. ValuEngine lowered shares of Dell Technologies from a “buy” rating to a “hold” rating in a research 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. The company has a consensus rating of “Buy” and a consensus target price of $107.00.

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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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