NBC Securities Inc. Buys 18,549 Shares of Dell Technologies Inc. (NYSE:DELL)

NBC Securities Inc. grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 132,492.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,563 shares of the technology company's stock after acquiring an additional 18,549 shares during the period. NBC Securities Inc.'s holdings in Dell Technologies were worth $1,692,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bellwether Advisors LLC acquired a new stake in Dell Technologies in the fourth quarter worth $25,000. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies in the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in Dell Technologies during the 4th quarter worth approximately $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Dell Technologies in the fourth quarter valued at approximately $37,000. 76.37% of the stock is owned by institutional investors.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded up $1.95 during trading hours on Friday, hitting $113.77. 4,029,926 shares of the company's stock traded hands, compared to its average volume of 9,499,399. The company has a fifty day simple moving average of $96.79 and a 200-day simple moving average of $106.48. The stock has a market capitalization of $79.39 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $161.52.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $23.17 billion. During the same period in the prior year, the firm posted $1.27 EPS. The business's revenue was up 5.1% on a year-over-year basis. On average, analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies 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 completion of the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the company's stock in a transaction that occurred 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 in the company, valued at $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,091 shares of company stock worth $8,608,142. Insiders own 42.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DELL. Bank of America lowered 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. Raymond James upped their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Morgan Stanley upped their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their price target on Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $138.00.

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).