Merit Financial Group LLC Purchases 2,431 Shares of Dell Technologies Inc. (NYSE:DELL)

Merit Financial Group LLC increased its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 67.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,051 shares of the technology company's stock after buying an additional 2,431 shares during the quarter. Merit Financial Group LLC's holdings in Dell Technologies were worth $552,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bellwether Advisors LLC bought a new stake in Dell Technologies in the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies during the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies in the fourth quarter valued at $26,000. Stonebridge Financial Group LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at about $37,000. Finally, JFS Wealth Advisors LLC boosted its holdings 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 buying an additional 221 shares during the period. 76.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DELL. Loop Capital lowered their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Morgan Stanley lifted their price target on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. TD Cowen upped their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a report on Friday, May 30th. The Goldman Sachs Group dropped their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Finally, Barclays upped their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note 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 stock. According to data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and an average target price of $138.00.

Dell Technologies Trading Down 0.8%

NYSE DELL traded down $0.91 on Tuesday, hitting $113.31. 8,658,180 shares of the company's stock were exchanged, compared to its average volume of 8,050,205. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $161.52. The stock has a 50-day moving average of $97.16 and a 200-day moving average of $105.86. The stock has a market cap of $79.07 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.27 earnings per share. As a group, analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Insider Buying and Selling

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of the business's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm'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 directly owns 245,804 shares in the company, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,091 shares of company stock worth $8,608,142 in the last three months. 42.00% of the stock is owned by corporate insiders.

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).