Signet Financial Management LLC Raises Stock Position in Dell Technologies Inc. (NYSE:DELL)

Signet Financial Management LLC lifted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,736 shares of the technology company's stock after buying an additional 2,347 shares during the period. Signet Financial Management LLC's holdings in Dell Technologies were worth $4,989,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Dell Technologies in the fourth quarter valued at approximately $455,029,000. Vanguard Group Inc. grew its holdings in Dell Technologies by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares during the period. Michael & Susan Dell Foundation bought a new stake in Dell Technologies in the 4th quarter valued at $265,052,000. Janus Henderson Group PLC increased its holdings in shares of Dell Technologies by 160.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after purchasing an additional 1,865,013 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Dell Technologies by 63.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company's stock valued at $337,796,000 after purchasing an additional 1,139,318 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Down 0.8%

NYSE:DELL traded down $0.91 during trading hours on Tuesday, hitting $113.31. 8,658,906 shares of the company traded hands, compared to its average volume of 9,438,388. The company has a market cap of $79.07 billion, a PE ratio of 20.02, a PEG ratio of 1.10 and a beta of 1.01. The firm's 50-day simple moving average is $97.16 and its 200-day simple moving average is $105.86. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $161.52.

Dell Technologies (NYSE:DELL - Get Free Report) last issued 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). The firm had revenue of $23.38 billion for 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 firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.27 EPS. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Insiders Place Their Bets

In related news, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the sale, the general counsel now owns 79,928 shares in the company, valued at $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 directly owns 245,804 shares in the company, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,091 shares of company stock valued at $8,608,142 in the last quarter. Corporate insiders own 42.00% of the company's stock.

Analyst Ratings Changes

DELL has been the topic of a number of research reports. The Goldman Sachs Group decreased their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. TD Cowen lifted their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a report on Friday, May 30th. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Loop Capital decreased their price objective on shares of 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, UBS Group lowered their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Dell Technologies 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).