Integrated Advisors Network LLC Lowers Holdings in Dell Technologies Inc. (NYSE:DELL)

Integrated Advisors Network LLC reduced its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 87.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,440 shares of the technology company's stock after selling 37,692 shares during the period. Integrated Advisors Network LLC's holdings in Dell Technologies were worth $496,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bogart Wealth LLC increased its stake in Dell Technologies by 7.7% in the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock valued at $161,000 after purchasing an additional 100 shares in the last quarter. Tortoise Investment Management LLC increased its stake in Dell Technologies by 23.0% in the fourth 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 in the last quarter. Vanguard Capital Wealth Advisors increased its stake in Dell Technologies by 5.9% in the fourth 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 in the last quarter. Center for Financial Planning Inc. increased 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 purchasing an additional 111 shares in the last quarter. Finally, HBK Sorce Advisory LLC increased its stake in Dell Technologies by 6.3% in the fourth quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company's stock valued at $230,000 after purchasing an additional 118 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 8,722 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $114.12, for a total transaction of $995,354.64. Following the sale, the director now directly owns 877,339 shares in the company, valued at approximately $100,121,926.68. This represents a 0.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the company's 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 sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 851,905 shares of company stock worth $97,155,665. 42.00% of the stock is owned by corporate insiders.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded down $3.92 on Friday, reaching $109.48. 5,121,351 shares of the company traded hands, compared to its average volume of 9,323,437. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $161.52. The company has a 50 day moving average of $100.19 and a 200 day moving average of $105.38. The firm has a market capitalization of $76.40 billion, a PE ratio of 19.34, a PEG 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 for the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the prior year, the company earned $1.27 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. As a group, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DELL shares. 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. The Goldman Sachs Group reduced their price objective 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. Mizuho lifted their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, May 19th. UBS Group reduced their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, Bank of America reduced their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

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).