Hennion & Walsh Asset Management Inc. Acquires 8,866 Shares of Dell Technologies Inc. (NYSE:DELL)

Hennion & Walsh Asset Management Inc. raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 25.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,728 shares of the technology company's stock after acquiring an additional 8,866 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Dell Technologies were worth $3,986,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DELL. Bogart Wealth LLC increased its holdings in Dell Technologies by 7.7% during the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock worth $161,000 after buying an additional 100 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Dell Technologies by 23.0% in the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock valued at $62,000 after purchasing an additional 100 shares during the period. Vanguard Capital Wealth Advisors lifted its stake in Dell Technologies by 5.9% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock valued at $207,000 after purchasing an additional 100 shares during the last quarter. Spire Wealth Management grew its holdings in Dell Technologies by 3.3% during the fourth quarter. Spire Wealth Management now owns 3,290 shares of the technology company's stock worth $379,000 after purchasing an additional 104 shares during the period. Finally, Center for Financial Planning Inc. raised its stake in Dell Technologies by 47.4% in the fourth quarter. Center for Financial Planning Inc. now owns 345 shares of the technology company's stock valued at $40,000 after buying an additional 111 shares during the period. Institutional investors own 76.37% of the company's stock.

Insider Buying and Selling at Dell Technologies

In related news, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the sale, the general counsel now directly owns 79,928 shares of the company's stock, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction that occurred 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. The trade was a 2.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,091 shares of company stock valued at $8,608,142. 42.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on DELL. Raymond James lifted their target price on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. The Goldman Sachs Group reduced their target price on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a report on Monday, March 3rd. UBS Group lowered their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Finally, Barclays upped their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Price Performance

DELL traded down $0.90 on Thursday, hitting $111.80. 5,433,762 shares of the stock were exchanged, compared to its average volume of 9,577,239. The firm 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 Inc. has a 12 month low of $66.25 and a 12 month high of $161.52. The business has a 50-day moving average of $95.93 and a two-hundred day moving average of $106.80.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly 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). The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business's revenue was up 5.1% on a year-over-year basis. During the same period last year, the company posted $1.27 EPS. Equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share 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).