Abner Herrman & Brock LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 147,231 shares of the technology company's stock, valued at approximately $13,420,000.
Several other large investors also recently made changes to their positions in the stock. Bellwether Advisors LLC acquired a new position in Dell Technologies during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new position in Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies during the 4th quarter worth $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies during the fourth quarter valued at about $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Dell Technologies in the fourth quarter valued at about $37,000. Institutional investors own 76.37% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on DELL. Raymond James increased their target price on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. 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 report on Monday, March 3rd. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Loop Capital decreased their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $138.00.
Read Our Latest Report on DELL
Dell Technologies Price Performance
Shares of DELL stock traded up $0.40 on Wednesday, hitting $112.30. The stock had a trading volume of 2,417,594 shares, compared to its average volume of 9,633,838. The business has a 50 day moving average of $95.53 and a 200 day moving average of $106.76. The stock has a market cap of $78.37 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $161.52.
Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share 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 business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter in the prior year, the business earned $1.27 EPS. Dell Technologies's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.
Insider Activity at Dell Technologies
In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies 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 directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 42.00% of the stock is currently owned by insiders.
Dell Technologies Profile
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Free Report)
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).
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