Dell Technologies Inc. (NYSE:DELL) Shares Sold by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners cut its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 10.6% in the 1st quarter, Holdings Channel reports. The firm owned 8,836 shares of the technology company’s stock after selling 1,046 shares during the period. Tennessee Valley Asset Management Partners’ holdings in Dell Technologies were worth $805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Dell Technologies during the 4th quarter worth $455,029,000. Vanguard Group Inc. grew its stake in shares of Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the period. Michael & Susan Dell Foundation bought a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $265,052,000. Janus Henderson Group PLC grew its stake in shares of Dell Technologies by 160.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company’s stock valued at $348,814,000 after purchasing an additional 1,865,013 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Dell Technologies by 63.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock valued at $337,796,000 after purchasing an additional 1,139,318 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $113.63 on Tuesday. The company has a 50 day moving average of $101.01 and a 200-day moving average of $105.15. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $161.52. The stock has a market cap of $79.30 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the previous year, the business earned $1.27 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DELL. The Goldman Sachs Group lowered their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. UBS Group lowered their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Raymond James raised 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. Wall Street Zen upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, TD Cowen raised 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. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total transaction 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. This represents a 46.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,379,092 shares of company stock valued at $156,638,174 in the last 90 days. 42.00% of the stock is owned by insiders.

Dell Technologies Company 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).