Wellington Management Group LLP Has $8.57 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Wellington Management Group LLP cut its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 91.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,387 shares of the technology company's stock after selling 758,561 shares during the quarter. Wellington Management Group LLP's holdings in Dell Technologies were worth $8,572,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new stake in Dell Technologies during the fourth quarter worth about $25,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies during the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC acquired a new stake in Dell Technologies during the 4th quarter valued at approximately $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Dell Technologies during the 4th quarter valued at approximately $37,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

NYSE:DELL traded up $1.95 during trading hours on Friday, hitting $113.77. 4,029,926 shares of the company's stock traded hands, compared to its average volume of 9,458,845. The stock's fifty day moving average price is $96.79 and its two-hundred day moving average price is $106.48. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $161.52. The firm has a market cap of $79.39 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its 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 analysts' expectations of $23.17 billion. During the same quarter last year, the firm earned $1.27 EPS. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm'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 completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the sale, the chief financial officer now owns 245,804 shares of the company's stock, valued at $27,235,083.20. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,091 shares of company stock worth $8,608,142. 42.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DELL. TD Cowen raised their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. The Goldman Sachs Group reduced their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Bank of America reduced their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Morgan Stanley increased their target price on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, UBS Group reduced their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Company 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).