KRS Capital Management LLC Cuts Holdings in Dell Technologies Inc. (NYSE:DELL)

KRS Capital Management LLC lessened its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 34.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,767 shares of the technology company's stock after selling 2,504 shares during the quarter. KRS Capital Management LLC's holdings in Dell Technologies were worth $434,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Barclays increased their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Bank of America lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Finally, Citigroup increased their price objective on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $138.00.

Dell Technologies Stock Up 1.7%

DELL traded up $1.95 during trading on Friday, hitting $113.77. The company's stock 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 has a market cap of $79.39 billion, a PE ratio of 20.10, a P/E/G ratio of 1.10 and a beta of 1.01. The business's 50 day simple moving average is $96.35 and its 200-day simple moving average is $106.63.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $23.38 billion during 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%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $1.27 earnings per share. Equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction 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 sale, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. The trade was a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now 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. Insiders sold a total of 79,091 shares of company stock valued at $8,608,142 over the last three months. Corporate 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).