Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 2,462.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,719 shares of the technology company's stock after purchasing an additional 249,583 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Dell Technologies were worth $23,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Bogart Wealth LLC increased its stake in Dell Technologies by 7.7% in the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock worth $161,000 after buying an additional 100 shares during the period. Tortoise Investment Management LLC increased its stake in Dell Technologies by 23.0% in the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after buying an additional 100 shares during the period. Vanguard Capital Wealth Advisors increased its stake in Dell Technologies by 5.9% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after buying an additional 100 shares during the period. Center for Financial Planning Inc. grew its holdings in Dell Technologies by 47.4% during the 4th quarter. Center for Financial Planning Inc. now owns 345 shares of the technology company's stock worth $40,000 after acquiring an additional 111 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its holdings in Dell Technologies by 6.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company's stock worth $230,000 after acquiring an additional 118 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley increased their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. TD Cowen increased their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Finally, UBS Group cut their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Three research 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, the stock has an average rating of "Moderate Buy" and an average target price of $138.00.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the completion of the transaction, the director now directly owns 938,741 shares in the company, valued at $105,918,147.03. The trade was a 35.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the business's 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 transaction, the chief accounting officer now 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. Over the last ninety days, insiders sold 1,379,092 shares of company stock worth $156,638,174. Company insiders own 42.00% of the company's stock.

Dell Technologies Trading Up 3.7%

Shares of NYSE:DELL traded up $4.07 on Monday, hitting $113.63. 5,283,654 shares of the company were exchanged, compared to its average volume of 9,307,313. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $161.52. The stock's 50 day moving average price is $101.01 and its 200 day moving average price is $105.15. The firm has a market capitalization of $79.30 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 EPS 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 company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter in the previous year, the firm posted $1.27 earnings per share. The company's quarterly revenue was up 5.1% on a year-over-year basis. On average, equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

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).