MN Wealth Advisors LLC Grows Stake in Dell Technologies Inc. (NYSE:DELL)

MN Wealth Advisors LLC boosted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 81.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,521 shares of the technology company's stock after purchasing an additional 3,381 shares during the quarter. MN Wealth Advisors LLC's holdings in Dell Technologies were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC increased its holdings in Dell Technologies by 20.4% during the 1st quarter. Cornerstone Wealth Management LLC now owns 8,943 shares of the technology company's stock worth $815,000 after purchasing an additional 1,518 shares during the period. GSB Wealth Management LLC purchased a new position in Dell Technologies during the 1st quarter worth $637,000. PKO Investment Management Joint Stock Co purchased a new position in Dell Technologies during the 1st quarter worth $2,279,000. FNY Investment Advisers LLC increased its holdings in Dell Technologies by 1,900.0% during the 1st quarter. FNY Investment Advisers LLC now owns 2,000 shares of the technology company's stock worth $182,000 after purchasing an additional 1,900 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in Dell Technologies by 135.6% during the 1st quarter. QRG Capital Management Inc. now owns 64,722 shares of the technology company's stock worth $5,899,000 after purchasing an additional 37,250 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group reduced their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Loop Capital dropped their target price on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Bank of America dropped their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Barclays increased their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Finally, Wells Fargo & Company dropped their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Insiders Place Their Bets

In other Dell Technologies 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 of the company's stock, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 453,321 shares of Dell Technologies stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $114.99, for a total value of $52,127,381.79. Following the sale, the director now directly owns 877,339 shares of the company's stock, valued at approximately $100,885,211.61. This represents a 34.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,379,092 shares of company stock valued at $156,638,174. 42.00% of the stock is owned by company insiders.

Dell Technologies Price Performance

Dell Technologies stock opened at $115.91 on Wednesday. The stock has a market capitalization of $80.89 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.05 and a beta of 1.01. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $161.52. The business has a fifty day moving average price of $101.65 and a 200-day moving average price of $105.22.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period in the previous year, the business earned $1.27 EPS. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal 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).

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