Net Worth Advisory Group Invests $526,000 in Dell Technologies Inc. (NYSE:DELL)

Net Worth Advisory Group acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,773 shares of the technology company's stock, valued at approximately $526,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DELL. Brighton Jones LLC increased its stake in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after purchasing an additional 901 shares in the last quarter. Empowered Funds LLC lifted its stake in Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock worth $3,502,000 after purchasing an additional 3,470 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Dell Technologies by 14.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 12,823 shares of the technology company's stock valued at $1,478,000 after acquiring an additional 1,631 shares in the last quarter. Essex Financial Services Inc. raised its stake in Dell Technologies by 60.2% in the fourth quarter. Essex Financial Services Inc. now owns 4,594 shares of the technology company's stock valued at $529,000 after buying an additional 1,726 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at about $37,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now directly owns 245,804 shares in the company, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 851,905 shares of company stock valued at $97,155,665. 42.00% of the stock is currently owned by insiders.

Dell Technologies Price Performance

Dell Technologies stock traded down $3.92 during mid-day trading on Friday, reaching $109.48. The stock had a trading volume of 5,121,351 shares, compared to its average volume of 9,323,437. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $161.52. The company has a 50-day moving average price of $100.19 and a two-hundred day moving average price of $105.38. The company has a market capitalization of $76.40 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.10 and a beta of 1.01.

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 for the quarter, missing the consensus estimate of $1.68 by ($0.13). The company had revenue of $23.38 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.27 EPS. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DELL shares. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Bank of America dropped their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. The Goldman Sachs Group decreased their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Morgan Stanley increased their price target 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. Finally, Mizuho raised 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. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

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).