GSB Wealth Management LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

GSB Wealth Management LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,993 shares of the technology company's stock, valued at approximately $637,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DELL. Bellwether Advisors LLC bought a new position in Dell Technologies during the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new position in Dell Technologies during the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new position in Dell Technologies during the 4th quarter valued at approximately $26,000. Crowley Wealth Management Inc. raised its position in Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after purchasing an additional 150 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its position in Dell Technologies by 204.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company's stock valued at $38,000 after purchasing an additional 221 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Loop Capital reduced their target price on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. 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. Mizuho upped their target price on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Barclays upped their target price on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $138.00.

Insider Buying and Selling at Dell Technologies

In other news, General Counsel Richard J. Rothberg sold 70,165 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the transaction, the general counsel now directly owns 79,928 shares in the company, valued at $8,697,764.96. This trade represents a 46.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $86,386.54. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,379,092 shares of company stock worth $156,638,174. Insiders own 42.00% of the company's stock.

Dell Technologies Stock Up 1.9%

Dell Technologies stock opened at $115.91 on Wednesday. The company has a market capitalization of $80.89 billion, a P/E ratio of 18.49, a PEG ratio of 1.05 and a beta of 1.01. The stock's 50 day moving average is $101.65 and its 200 day moving average is $105.22. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $161.52.

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 the consensus estimate of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The business had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. During the same quarter in the prior year, the business posted $1.27 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies 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).

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