Kercheville Advisors LLC Trims Holdings in Dell Technologies Inc. (NYSE:DELL)

Kercheville Advisors LLC reduced its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 6.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,652 shares of the technology company’s stock after selling 1,000 shares during the period. Kercheville Advisors LLC’s holdings in Dell Technologies were worth $1,244,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Bellwether Advisors LLC purchased a new position in shares of Dell Technologies during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new stake in Dell Technologies in the fourth quarter worth $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies in the fourth quarter worth $26,000. Crowley Wealth Management Inc. increased its holdings in shares of Dell Technologies by 86.2% during the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company’s stock valued at $30,000 after acquiring an additional 150 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its position in shares of Dell Technologies by 204.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company’s stock worth $38,000 after purchasing an additional 221 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DELL. JPMorgan Chase & Co. raised their price objective on shares of Dell Technologies from $111.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Wells Fargo & Company reduced their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Evercore ISI reiterated an “outperform” rating on shares of Dell Technologies in a research note on Thursday, May 29th. TD Cowen boosted their price target on Dell Technologies from $120.00 to $125.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. Finally, Barclays upped their price target on Dell Technologies from $116.00 to $123.00 and gave the company an “equal weight” rating in a report on Friday, May 30th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Dell Technologies Price Performance

NYSE:DELL opened at $113.63 on Tuesday. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $161.52. The business has a fifty day moving average price of $101.01 and a 200-day moving average price of $105.15. The firm has a market capitalization of $79.30 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $23.38 billion during the quarter, compared to analysts’ expectations of $23.17 billion. During the same quarter in the previous year, the company earned $1.27 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction on 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 in the company, valued at approximately $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. Insiders have sold 1,379,092 shares of company stock worth $156,638,174 in the last three months. Company insiders own 42.00% of the company’s stock.

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).