Korea Investment CORP boosted its stake in shares of Dell Technologies Inc (NYSE:DVMT) by 335.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,017 shares of the company’s stock after acquiring an additional 6,948 shares during the quarter. Korea Investment CORP’s holdings in Dell Technologies were worth $876,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DVMT. Third Point LLC acquired a new position in Dell Technologies during the second quarter worth $169,160,000. Alpine Associates Management Inc. acquired a new position in Dell Technologies during the second quarter worth $90,101,000. Renaissance Technologies LLC raised its stake in Dell Technologies by 16.7% during the second quarter. Renaissance Technologies LLC now owns 5,549,700 shares of the company’s stock worth $469,394,000 after acquiring an additional 794,800 shares in the last quarter. Morgan Stanley raised its stake in Dell Technologies by 65.7% during the second quarter. Morgan Stanley now owns 1,684,914 shares of the company’s stock worth $142,512,000 after acquiring an additional 668,217 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Dell Technologies by 656.5% during the third quarter. First Trust Advisors LP now owns 694,875 shares of the company’s stock worth $67,486,000 after acquiring an additional 603,026 shares in the last quarter. Hedge funds and other institutional investors own 22.93% of the company’s stock.

Shares of DVMT stock opened at $104.00 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 2.66. The firm has a market cap of $81.12 billion, a PE ratio of 16.86 and a beta of 0.47. Dell Technologies Inc has a 52 week low of $64.96 and a 52 week high of $107.22.

Dell Technologies (NYSE:DVMT) last announced its earnings results on Thursday, November 29th. The company reported $1.82 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 positive return on equity of 30.92% and a negative net margin of 2.84%. As a group, equities analysts predict that Dell Technologies Inc will post 6.1 EPS for the current year.

DVMT has been the topic of several research analyst reports. Deutsche Bank increased their target price on Dell Technologies from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, November 16th. ValuEngine cut 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 company’s stock. Dell Technologies presently has an average rating of “Buy” and a consensus target price of $107.00.

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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.

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

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