Avanza Fonder AB Trims Holdings in Dell Technologies Inc. (NYSE:DELL)

Avanza Fonder AB trimmed its stake in Dell Technologies Inc. (NYSE:DELL) by 1.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 33,178 shares of the technology company’s stock after selling 636 shares during the period. Avanza Fonder AB’s holdings in Dell Technologies were worth $3,163,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bogart Wealth LLC increased its stake in Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock worth $161,000 after buying an additional 100 shares during the period. Tortoise Investment Management LLC increased its stake in Dell Technologies by 23.0% during the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock worth $62,000 after buying an additional 100 shares during the period. Vanguard Capital Wealth Advisors increased its stake in Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company’s stock worth $207,000 after buying an additional 100 shares during the period. Center for Financial Planning Inc. increased its stake in Dell Technologies by 47.4% during the 4th quarter. Center for Financial Planning Inc. now owns 345 shares of the technology company’s stock worth $40,000 after buying an additional 111 shares during the period. Finally, HBK Sorce Advisory LLC increased its stake in Dell Technologies by 6.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company’s stock worth $230,000 after buying an additional 118 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, General Counsel Richard J. Rothberg sold 70,165 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the sale, the general counsel now owns 79,928 shares in the company, valued at approximately $8,697,764.96. This trade represents a 46.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This trade represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,091 shares of company stock worth $8,608,142 in the last 90 days. Company insiders own 42.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on DELL shares. TD Cowen increased their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the company a “hold” rating in a research report on Friday, May 30th. Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Raymond James increased their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, May 30th. Bank of America dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, UBS Group dropped their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.00.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $113.31 on Wednesday. The stock has a market cap of $79.07 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.10 and a beta of 1.01. The firm has a fifty day moving average price of $97.89 and a 200 day moving average price of $105.91. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $161.52.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).