GAMMA Investing LLC Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

GAMMA Investing LLC raised its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 17,655.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 539,061 shares of the technology company's stock after buying an additional 536,025 shares during the quarter. GAMMA Investing LLC owned about 0.08% of Dell Technologies worth $49,135,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings 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 valued at $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. Capital World Investors lifted its stake 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 valued at $1,436,000,000 after buying an additional 72,271 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 period. Norges Bank acquired a new stake in shares of Dell Technologies during the fourth quarter worth $455,029,000. Finally, Northern Trust Corp lifted its position in Dell Technologies by 16.1% in the 4th 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 in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of recent research reports. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Raymond James lifted their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Citigroup increased their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, May 30th. UBS Group lowered their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Finally, TD Cowen raised their price target on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

Insiders Place Their Bets

In related news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated 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 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. 42.00% of the stock is currently owned by company insiders.

Dell Technologies Trading Down 0.8%

NYSE:DELL traded down $0.90 on Thursday, reaching $111.80. 5,310,510 shares of the stock traded hands, compared to its average volume of 9,576,688. The company's fifty day simple moving average is $95.93 and its 200 day simple moving average is $106.80. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $161.52. The company has a market capitalization of $78.02 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.10 and a beta of 0.99.

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