Dell Technologies Inc. (NYSE:DELL) Shares Bought by Meyer Handelman Co.

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

Several other hedge funds have also bought and sold shares of DELL. Bogart Wealth LLC lifted its position in shares of Dell Technologies by 7.7% during the 4th 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 in the last quarter. Tortoise Investment Management LLC lifted its position in shares of Dell Technologies by 23.0% during the 4th 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 in the last quarter. Vanguard Capital Wealth Advisors lifted its position in shares of Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock valued at $207,000 after buying an additional 100 shares in the last quarter. Spire Wealth Management lifted its position in shares of Dell Technologies by 3.3% during the 4th quarter. Spire Wealth Management now owns 3,290 shares of the technology company's stock valued at $379,000 after buying an additional 104 shares in the last quarter. Finally, Center for Financial Planning Inc. lifted its position in shares of Dell Technologies by 47.4% during the 4th quarter. Center for Financial Planning Inc. now owns 345 shares of the technology company's stock valued at $40,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Down 2.1%

Shares of DELL traded down $2.42 during midday trading on Friday, reaching $111.21. The company had a trading volume of 19,189,102 shares, compared to its average volume of 9,803,194. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $161.52. The stock has a market cap of $77.61 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The firm has a 50 day simple moving average of $95.00 and a 200-day simple moving average of $107.08.

Dell Technologies (NYSE:DELL - Get Free Report) last issued 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). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period last year, the business earned $1.27 earnings per share. The firm's revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of recent analyst reports. Mizuho increased their target price on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. TD Cowen increased their target price on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday. Morgan Stanley increased their target price on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Citigroup raised their price objective on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a report on Friday. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Insiders Place Their Bets

In related news, CAO Brunilda Rios sold 926 shares of the firm's 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 directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm's 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 directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 42.00% of the company's stock.

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).