Chancellor Financial Group WB LP Acquires New Holdings in Dell Technologies Inc. (NYSE:DELL)

Chancellor Financial Group WB LP purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,715 shares of the technology company's stock, valued at approximately $313,000.

A number of other hedge funds also recently bought and sold shares of the business. Allen Capital Group LLC boosted its position in Dell Technologies by 3.3% during the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock valued at $338,000 after acquiring an additional 95 shares in the last quarter. 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 valued at $161,000 after acquiring an additional 100 shares in the last quarter. Tortoise Investment Management LLC boosted its position in Dell Technologies by 23.0% during the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock valued at $62,000 after acquiring an additional 100 shares in the last quarter. Vanguard Capital Wealth Advisors boosted its position in Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock valued at $207,000 after acquiring an additional 100 shares in the last quarter. Finally, Spire Wealth Management boosted its position in Dell Technologies by 3.3% during the 4th quarter. Spire Wealth Management now owns 3,290 shares of the technology company's stock valued at $379,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on DELL shares. Loop Capital cut their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Mizuho boosted their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. 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 report on Friday. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Finally, Barclays boosted their price target on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and an average price target of $138.00.

Insider Activity at Dell Technologies

In other news, 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 transaction of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares in the company, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is owned by insiders.

Dell Technologies Trading Down 2.1%

Dell Technologies stock traded down $2.42 during mid-day trading on Friday, hitting $111.21. The stock had a trading volume of 19,189,102 shares, compared to its average volume of 10,032,752. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $161.52. The firm's 50 day moving average is $95.00 and its 200 day moving average is $107.27. The firm has a market capitalization of $77.61 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.10 and a beta of 0.99.

Dell Technologies (NYSE:DELL - Get Free Report) last announced 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 net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the previous year, the business posted $1.27 EPS. The firm's revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current 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).