Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH raised its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 688.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,294 shares of the technology company's stock after buying an additional 20,341 shares during the period. Siemens Fonds Invest GmbH's holdings in Dell Technologies were worth $2,684,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of DELL. Allen Capital Group LLC boosted its position in Dell Technologies by 3.3% in the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock valued at $338,000 after buying an additional 95 shares during the period. Bogart Wealth LLC raised its stake in shares of Dell Technologies by 7.7% in the fourth 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 holdings in Dell Technologies by 23.0% in the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock valued at $62,000 after purchasing an additional 100 shares during the period. Vanguard Capital Wealth Advisors grew its stake 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 worth $207,000 after purchasing an additional 100 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in Dell Technologies by 3.3% during the 4th quarter. Spire Wealth Management now owns 3,290 shares of the technology company's stock worth $379,000 after purchasing an additional 104 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Dell Technologies stock traded down $2.42 during midday trading on Friday, hitting $111.21. 19,180,259 shares of the company's stock were exchanged, compared to its average volume of 10,169,842. The stock has a market cap of $77.61 billion, a price-to-earnings ratio of 19.65, 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 $178.84. The firm's 50 day simple moving average is $94.75 and its 200 day simple moving average is $107.45.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results 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 company had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 earnings per share. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction 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 completion of the sale, the chief accounting officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction 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 currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DELL. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their target price on Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a report on Friday. Morgan Stanley lifted their price target on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Bank of America cut their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, Citigroup increased their price target on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $138.00.

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).