Farmers Trust Co. Has $3.09 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Farmers Trust Co. boosted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,944 shares of the technology company's stock after purchasing an additional 2,245 shares during the quarter. Farmers Trust Co.'s holdings in Dell Technologies were worth $3,094,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DELL. Vanguard Group Inc. raised its position in shares of Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares during the period. Capital World Investors increased its position in Dell Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock worth $1,436,000,000 after buying an additional 72,271 shares during the period. Geode Capital Management LLC lifted its stake in Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after buying an additional 552,213 shares during the last quarter. Norges Bank acquired a new position in shares of Dell Technologies during the fourth quarter valued at $455,029,000. Finally, Northern Trust Corp boosted its holdings in shares of Dell Technologies by 16.1% during the fourth quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock valued at $382,281,000 after acquiring an additional 460,483 shares during the period. Institutional investors own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of analyst reports. Loop Capital dropped their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Wells Fargo & Company dropped their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Barclays lifted their price target on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a report on Thursday. Finally, UBS Group cut their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Insider Buying and Selling

In other news, 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 transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction 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 sale, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.

Dell Technologies Price Performance

Shares of DELL traded down $2.42 during midday trading on Friday, reaching $111.21. The stock had a trading volume of 19,189,102 shares, compared to its average volume of 10,032,766. The company has a market capitalization of $77.61 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.10 and a beta of 0.99. The firm's 50 day moving average price is $95.00 and its 200-day moving average price is $107.27. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $161.52.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm 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 earned $1.27 earnings per share. Dell Technologies's revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

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).