Beese Fulmer Investment Management Inc. grew its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 80.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 177,256 shares of the technology company's stock after purchasing an additional 78,830 shares during the period. Dell Technologies comprises about 1.4% of Beese Fulmer Investment Management Inc.'s portfolio, making the stock its 25th largest position. Beese Fulmer Investment Management Inc.'s holdings in Dell Technologies were worth $16,157,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth $25,000. Vision Financial Markets LLC bought a new position in Dell Technologies in the fourth quarter valued at $26,000. Lee Danner & Bass Inc. bought a new position in Dell Technologies in the fourth quarter valued at $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the fourth quarter valued at $28,000. Finally, Stonebridge Financial Group LLC bought a new position in Dell Technologies in the fourth quarter valued at $37,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.
Dell Technologies Price Performance
Dell Technologies stock traded up $4.18 during midday trading on Tuesday, hitting $112.26. The company's stock had a trading volume of 3,554,349 shares, compared to its average volume of 9,775,672. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $161.52. The company has a 50-day moving average price of $95.23 and a two-hundred day moving average price of $106.72. The company has a market cap of $78.34 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.10 and a beta of 0.99.
Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. Dell Technologies's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 EPS. Sell-side analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.
Insider Activity
In related news, CAO Brunilda Rios sold 926 shares of the company'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 completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the company'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 owns 245,804 shares of the company's stock, valued at approximately $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. Corporate insiders own 42.00% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on DELL shares. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday. Wells Fargo & Company decreased their price objective 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. Mizuho lifted their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Finally, The Goldman Sachs Group reduced their target price on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and an average price target of $138.00.
Read Our Latest Research Report on Dell Technologies
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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