Traders Buy High Volume of Dell Technologies Call Options (DVMT)

Dell Technologies Inc (NYSE:DVMT) saw some unusual options trading activity on Monday. Stock investors purchased 28,352 call options on the stock. This is an increase of approximately 1,246% compared to the typical daily volume of 2,106 call options.

Shares of NYSE:DVMT opened at $94.83 on Wednesday. The company has a market capitalization of $65.07 billion, a P/E ratio of 15.37, a PEG ratio of 1.53 and a beta of -0.34. 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 has a fifty-two week low of $59.92 and a fifty-two week high of $95.18.

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Dell Technologies (NYSE:DVMT) last announced its quarterly earnings results on Monday, June 4th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $21.36 billion for the quarter. Dell Technologies had a negative net margin of 3.69% and a positive return on equity of 27.01%. analysts forecast that Dell Technologies will post 6.11 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in DVMT. Glenmede Trust Co. NA raised its holdings in Dell Technologies by 5.3% during the 4th quarter. Glenmede Trust Co. NA now owns 68,869 shares of the company’s stock worth $5,596,000 after buying an additional 3,466 shares during the period. Mark Asset Management Corp raised its holdings in Dell Technologies by 298.1% during the 1st quarter. Mark Asset Management Corp now owns 153,251 shares of the company’s stock worth $11,220,000 after buying an additional 114,753 shares during the period. Dalton Investments LLC acquired a new stake in Dell Technologies during the 4th quarter worth approximately $3,081,000. Alliancebernstein L.P. raised its holdings in Dell Technologies by 13.4% during the 4th quarter. Alliancebernstein L.P. now owns 149,777 shares of the company’s stock worth $12,174,000 after buying an additional 17,655 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in Dell Technologies by 287.2% during the 4th quarter. Guggenheim Capital LLC now owns 38,713 shares of the company’s stock worth $3,147,000 after buying an additional 28,714 shares during the period. Institutional investors and hedge funds own 22.74% of the company’s stock.

A number of analysts recently weighed in on the stock. Wells Fargo & Co reiterated an “outperform” rating and issued a $105.00 price target on shares of Dell Technologies in a research report on Tuesday. ValuEngine downgraded shares of Dell Technologies from a “buy” rating to a “hold” rating in a research report on Monday. Deutsche Bank increased 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. Finally, Zacks Investment Research downgraded shares of Dell Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $103.50.

About Dell Technologies

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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