Dell Technologies Inc. (NYSE:DELL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 91.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 74,387 shares of the technology company's stock after selling 758,561 shares during the period. Wellington Management Group LLP's holdings in Dell Technologies were worth $8,572,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after acquiring an additional 901 shares during the last quarter. Blue Trust Inc. raised its stake in Dell Technologies by 47.4% during the fourth quarter. Blue Trust Inc. now owns 2,077 shares of the technology company's stock worth $246,000 after purchasing an additional 668 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Dell Technologies by 2.3% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,107 shares of the technology company's stock valued at $1,165,000 after purchasing an additional 227 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Dell Technologies by 10.9% during the 4th quarter. DAVENPORT & Co LLC now owns 3,043 shares of the technology company's stock valued at $351,000 after buying an additional 298 shares during the period. Finally, Spire Wealth Management increased its holdings in shares of Dell Technologies by 3.3% during the 4th quarter. Spire Wealth Management now owns 3,290 shares of the technology company's stock worth $379,000 after buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DELL shares. Raymond James lifted their target price on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. UBS Group reduced their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Mizuho raised their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, Morgan Stanley increased their price objective on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Insider Activity at Dell Technologies

In related news, 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 transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,091 shares of company stock valued at $8,608,142 over the last ninety days. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Stock Up 1.9%

Shares of Dell Technologies stock traded up $2.18 during trading hours on Friday, hitting $114.00. 2,828,766 shares of the company's stock traded hands, compared to its average volume of 9,512,509. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $161.52. The company has a market cap of $79.55 billion, a PE ratio of 20.15, a PEG ratio of 1.10 and a beta of 1.01. The stock has a 50 day simple moving average of $96.35 and a 200-day simple moving average of $106.63.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share 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 business had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter last year, the business earned $1.27 EPS. Dell Technologies's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

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).