GAMMA Investing LLC Purchases 536,025 Shares of Dell Technologies Inc. (NYSE:DELL)

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

A number of other large investors have also recently made changes to their positions in DELL. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies in the fourth quarter worth $25,000. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies in the fourth quarter worth $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies in the fourth quarter worth $26,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies in the fourth quarter worth $28,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Dell Technologies in the fourth quarter worth $37,000. 76.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DELL. Morgan Stanley increased their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Loop Capital lowered their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Citigroup raised their price target on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating 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 report on Friday, May 30th. Three investment 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 stock has a consensus rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Stock Up 1.7%

Shares of NYSE DELL traded up $1.95 during midday trading on Friday, reaching $113.77. The company had a trading volume of 4,029,926 shares, compared to its average volume of 9,499,399. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $161.52. The firm's fifty day moving average price is $96.79 and its 200-day moving average price is $106.48. The stock has a market cap of $79.39 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

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 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 company had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same period last year, the firm posted $1.27 EPS. The company's revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Insider Activity

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the completion of the transaction, the general counsel now owns 79,928 shares of the company's stock, valued at $8,697,764.96. This represents a 46.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. The trade was 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 valued at $8,608,142. Insiders own 42.00% of the company's stock.

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).