Congress Asset Management Co. Sells 10,106 Shares of Dell Technologies Inc. (NYSE:DELL)

Congress Asset Management Co. decreased its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 865,191 shares of the technology company's stock after selling 10,106 shares during the period. Congress Asset Management Co. owned about 0.12% of Dell Technologies worth $78,862,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DELL. Norges Bank acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $455,029,000. Vanguard Group Inc. grew its position in shares of Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the last quarter. Michael & Susan Dell Foundation acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $265,052,000. Janus Henderson Group PLC grew its position 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 grew 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 last quarter. Institutional investors own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DELL. The Goldman Sachs Group decreased their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Loop Capital reduced their price target 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. Wells Fargo & Company reduced their price target on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. increased their price target on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Finally, Mizuho increased 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. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Stock Up 1.7%

Shares of DELL stock traded up $1.95 during trading hours on Friday, reaching $113.77. The company's stock had a trading volume of 4,029,926 shares, compared to its average volume of 9,499,400. The firm's 50 day simple moving average is $96.79 and its 200-day simple moving average is $106.48. The company has a market capitalization of $79.39 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $161.52.

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 firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Insider Activity

In related news, General Counsel Richard J. Rothberg sold 70,165 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the completion of the transaction, the general counsel now directly owns 79,928 shares of the company's stock, valued at $8,697,764.96. This trade represents a 46.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, 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 ninety days, insiders sold 79,091 shares of company stock worth $8,608,142. 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).