Meyer Handelman Co. Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

Meyer Handelman Co. lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 6.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,693 shares of the technology company's stock after purchasing an additional 3,734 shares during the quarter. Meyer Handelman Co.'s holdings in Dell Technologies were worth $5,532,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Beese Fulmer Investment Management Inc. raised its holdings in Dell Technologies by 80.1% in the first quarter. Beese Fulmer Investment Management Inc. now owns 177,256 shares of the technology company's stock valued at $16,157,000 after acquiring an additional 78,830 shares in the last quarter. Burns J W & Co. Inc. NY increased its stake in Dell Technologies by 38.6% in the first quarter. Burns J W & Co. Inc. NY now owns 15,295 shares of the technology company's stock valued at $1,394,000 after purchasing an additional 4,260 shares during the last quarter. Delphi Management Inc. MA increased its stake in Dell Technologies by 2.3% in the first quarter. Delphi Management Inc. MA now owns 12,532 shares of the technology company's stock valued at $1,142,000 after purchasing an additional 277 shares during the last quarter. Parallel Advisors LLC increased its stake in Dell Technologies by 8.3% in the first quarter. Parallel Advisors LLC now owns 6,363 shares of the technology company's stock valued at $580,000 after purchasing an additional 487 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Dell Technologies by 17,655.6% in the first quarter. GAMMA Investing LLC now owns 539,061 shares of the technology company's stock valued at $49,135,000 after purchasing an additional 536,025 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Mizuho increased their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Morgan Stanley raised their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group lowered their target price on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. TD Cowen raised their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Wednesday, May 14th. The stock was 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 of the company's stock, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. 42.00% of the stock is currently owned by company insiders.

Dell Technologies Trading Up 3.9%

Shares of NYSE:DELL traded up $4.18 during midday trading on Tuesday, hitting $112.26. 3,554,349 shares of the stock were exchanged, compared to its average volume of 9,775,672. The stock has a market cap of $78.34 billion, a P/E ratio of 19.83, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $161.52. The company has a 50 day moving average price of $95.23 and a 200-day moving average price of $106.72.

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

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).