InTrack Investment Management Inc Reduces Position in Dell Technologies Inc. (NYSE:DELL)

InTrack Investment Management Inc trimmed its stake in Dell Technologies Inc. (NYSE:DELL) by 40.3% in the 1st quarter, HoldingsChannel reports. The firm owned 8,071 shares of the technology company’s stock after selling 5,445 shares during the period. InTrack Investment Management Inc’s holdings in Dell Technologies were worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of DELL. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth about $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies in the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in shares of Dell Technologies during the fourth quarter worth $37,000. Finally, JFS Wealth Advisors LLC grew its stake in Dell Technologies by 204.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company’s stock valued at $38,000 after acquiring an additional 221 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of research analyst reports. UBS Group decreased their target price on Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. TD Cowen upped their price target on shares of Dell Technologies from $120.00 to $125.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Bank of America decreased their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Raymond James increased their price target on Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, May 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Dell Technologies currently has a consensus 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 business has a 50-day moving average of $97.89 and a two-hundred day moving average of $105.91. The company has a market capitalization of $79.07 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. 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 data on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). The firm had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.27 EPS. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Insider Buying and Selling at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was 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 directly owns 79,928 shares in the company, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,091 shares of company stock valued at $8,608,142. 42.00% of the stock is owned by corporate insiders.

About Dell Technologies

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).