Dell Technologies Inc. (NYSE:DELL) Position Increased by Intellectus Partners LLC

Intellectus Partners LLC lifted its position in Dell Technologies Inc. (NYSE:DELL) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 8,334 shares of the technology company’s stock after buying an additional 328 shares during the quarter. Intellectus Partners LLC’s holdings in Dell Technologies were worth $760,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in DELL. Bogart Wealth LLC boosted its position 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 acquiring an additional 100 shares during the period. Tortoise Investment Management LLC boosted its holdings in shares of Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock worth $62,000 after purchasing an additional 100 shares during the period. Vanguard Capital Wealth Advisors boosted its holdings in shares of Dell Technologies by 5.9% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company’s stock worth $207,000 after purchasing an additional 100 shares during the period. Spire Wealth Management grew its position in Dell Technologies by 3.3% during the fourth quarter. Spire Wealth Management now owns 3,290 shares of the technology company’s stock valued at $379,000 after purchasing an additional 104 shares in the last quarter. Finally, Center for Financial Planning Inc. increased its stake in Dell Technologies by 47.4% in the 4th quarter. Center for Financial Planning Inc. now owns 345 shares of the technology company’s stock valued at $40,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Up 1.7%

NYSE DELL opened at $113.77 on Friday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $161.52. The company has a fifty day simple moving average of $96.79 and a 200 day simple moving average of $106.48. The company has a market cap of $79.39 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.10 and a beta of 1.01.

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

Insider Activity at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the transaction, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The shares were 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 approximately $3,540,168.92. The trade was 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. 42.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup boosted their price target on shares of Dell Technologies from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 30th. Barclays boosted their target price on Dell Technologies from $116.00 to $123.00 and gave the company an “equal weight” rating in a research note on Friday, May 30th. The Goldman Sachs Group cut their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Loop Capital reduced their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $138.00.

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).