Congress Asset Management Co. Lowers Stock Position in Dell Technologies Inc. (NYSE:DELL)

Congress Asset Management Co. reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 865,191 shares of the technology company's stock after selling 10,106 shares during the quarter. Congress Asset Management Co. owned about 0.12% of Dell Technologies worth $78,862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bellwether Advisors LLC bought a new position in Dell Technologies in the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new stake in Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the fourth quarter valued at approximately $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Dell Technologies in the 4th quarter valued at about $37,000. 76.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DELL. Barclays increased their target price on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Raymond James boosted their price target on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Loop Capital lowered their price objective on 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 cut their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Stock Down 0.8%

Shares of NYSE:DELL traded down $0.91 during trading on Tuesday, hitting $113.31. 8,658,906 shares of the company were exchanged, compared to its average volume of 9,420,099. 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 $79.07 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The business's 50 day moving average is $97.89 and its 200-day moving average is $105.91.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same period in the previous year, the firm posted $1.27 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Insider Activity at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were 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 in the company, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction that occurred 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 in the company, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,091 shares of company stock worth $8,608,142 over the last quarter. Company insiders own 42.00% of the company's stock.

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).