25,000 Shares in Dell Technologies Inc. (NYSE:DELL) Purchased by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 25,000 shares of the technology company’s stock, valued at approximately $2,279,000.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after purchasing an additional 901 shares in the last quarter. Valeo Financial Advisors LLC raised its position in Dell Technologies by 12.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 9,170 shares of the technology company’s stock valued at $1,057,000 after purchasing an additional 1,005 shares in the last quarter. Rhumbline Advisers raised its position in Dell Technologies by 4.0% in the 4th quarter. Rhumbline Advisers now owns 635,264 shares of the technology company’s stock valued at $73,208,000 after purchasing an additional 24,205 shares in the last quarter. Principal Securities Inc. raised its position in Dell Technologies by 53.5% in the 4th quarter. Principal Securities Inc. now owns 8,900 shares of the technology company’s stock valued at $1,026,000 after purchasing an additional 3,102 shares in the last quarter. Finally, Allworth Financial LP raised its position in Dell Technologies by 60.6% in the 4th quarter. Allworth Financial LP now owns 7,607 shares of the technology company’s stock valued at $876,000 after purchasing an additional 2,871 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Up 3.7%

NYSE:DELL opened at $113.63 on Tuesday. The stock’s 50 day moving average price is $101.01 and its 200 day moving average price is $105.15. The company has a market capitalization of $79.30 billion, a PE ratio of 20.08, a P/E/G ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $161.52.

Dell Technologies (NYSE:DELL) last announced its earnings results 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 net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $23.38 billion during the quarter, compared to analysts’ expectations of $23.17 billion. During the same quarter last year, the business posted $1.27 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DELL. Wells Fargo & Company dropped their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Evercore ISI reiterated an “outperform” rating on shares of Dell Technologies in a report on Thursday, May 29th. JPMorgan Chase & Co. increased their price objective on Dell Technologies from $111.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Raymond James increased their price objective on Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, May 30th. Finally, UBS Group dropped their price objective on Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $138.00.

Insider Buying and Selling at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the sale, the chief financial officer now directly owns 245,804 shares of the company’s stock, valued at $27,235,083.20. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the firm’s 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 completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,379,092 shares of company stock worth $156,638,174. 42.00% of the stock is currently owned by insiders.

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).