KMG Fiduciary Partners LLC Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

KMG Fiduciary Partners LLC grew its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 16.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,014 shares of the technology company's stock after buying an additional 3,597 shares during the quarter. KMG Fiduciary Partners LLC's holdings in Dell Technologies were worth $2,371,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies during the 4th quarter worth $25,000. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Dell Technologies in the 4th quarter worth approximately $37,000. Finally, JFS Wealth Advisors LLC raised its stake in shares of Dell Technologies by 204.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company's stock worth $38,000 after acquiring an additional 221 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Insiders Place Their Bets

In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the sale, the general counsel now directly owns 79,928 shares in the company, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,091 shares of company stock valued at $8,608,142. Insiders own 42.00% of the company's stock.

Dell Technologies Stock Up 0.5%

Shares of Dell Technologies stock traded up $0.52 during mid-day trading on Monday, reaching $114.27. 5,116,485 shares of the stock traded hands, compared to its average volume of 9,441,478. The business has a 50-day moving average of $96.79 and a 200 day moving average of $106.07. The stock has a market capitalization of $79.74 billion, a PE ratio of 20.19, a PEG ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $161.52.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion for 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%. Dell Technologies's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.27 EPS. On average, equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays raised their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. TD Cowen raised their target price on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Loop Capital reduced their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Raymond James increased their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $138.00.

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).