Sky Investment Group LLC Boosts Stock Position in Dell Technologies Inc. (NYSE:DELL)

Sky Investment Group LLC raised its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 15.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,875 shares of the technology company's stock after purchasing an additional 2,235 shares during the quarter. Sky Investment Group LLC's holdings in Dell Technologies were worth $1,538,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bellwether Advisors LLC purchased a new stake in Dell Technologies in the fourth quarter valued at $25,000. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at $37,000. Finally, JFS Wealth Advisors LLC raised its holdings in shares of Dell Technologies by 204.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company's stock valued at $38,000 after buying an additional 221 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $4.07 on Monday, hitting $113.63. 5,283,654 shares of the company's stock 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 company has a market capitalization of $79.30 billion, a PE ratio of 20.08, a P/E/G ratio of 1.10 and a beta of 1.01. The firm's 50-day moving average is $101.01 and its 200 day moving average is $105.15.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DELL. 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 report on Tuesday, March 4th. 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 research note on Friday, May 30th. JPMorgan Chase & Co. boosted their target price on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Citigroup boosted their target price on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Finally, Raymond James boosted their target price on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Insider Activity

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the completion of the sale, the director now directly owns 938,741 shares of the company's stock, valued at $105,918,147.03. This represents a 35.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $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. In the last three months, insiders sold 1,379,092 shares of company stock valued at $156,638,174. Insiders own 42.00% of the company's stock.

About Dell Technologies

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).