Dell Technologies Inc. (NYSE:DELL) Shares Sold by InTrack Investment Management Inc

InTrack Investment Management Inc cut its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 40.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,071 shares of the technology company's stock after selling 5,445 shares during the period. InTrack Investment Management Inc's holdings in Dell Technologies were worth $736,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in shares of Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock valued at $3,502,000 after buying an additional 3,470 shares in the last quarter. Rhumbline Advisers lifted its holdings in Dell Technologies by 4.0% in the 4th quarter. Rhumbline Advisers now owns 635,264 shares of the technology company's stock worth $73,208,000 after purchasing an additional 24,205 shares in the last quarter. G&S Capital LLC lifted its stake in Dell Technologies by 95.9% in the 4th quarter. G&S Capital LLC now owns 21,785 shares of the technology company's stock worth $2,511,000 after purchasing an additional 10,666 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Dell Technologies by 10.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 116,295 shares of the technology company's stock worth $13,402,000 after purchasing an additional 11,155 shares in the last quarter. Finally, Sawgrass Asset Management LLC lifted its stake in Dell Technologies by 17.1% in the 4th quarter. Sawgrass Asset Management LLC now owns 17,254 shares of the technology company's stock worth $1,988,000 after purchasing an additional 2,518 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of the business's 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 transaction, the general counsel now directly owns 79,928 shares of the company's stock, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 453,321 shares of Dell Technologies stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $114.99, for a total transaction of $52,127,381.79. Following the completion of the sale, the director now directly owns 877,339 shares in the company, valued at approximately $100,885,211.61. The trade was a 34.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 851,905 shares of company stock valued at $97,155,665. 42.00% of the stock is owned by corporate insiders.

Dell Technologies Stock Up 1.9%

DELL traded up $2.09 during trading on Thursday, reaching $113.33. The company's stock had a trading volume of 5,595,291 shares, compared to its average volume of 9,381,842. The firm has a fifty day simple moving average of $99.45 and a two-hundred day simple moving average of $105.73. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $161.52. The company has a market cap of $79.09 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last released 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 analyst estimates of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.27 earnings per share. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on DELL shares. UBS Group decreased their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. TD Cowen upped their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Raymond James increased their price target on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. The Goldman Sachs Group decreased their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Finally, Loop Capital reduced 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 report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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).