Parisi Gray Wealth Management Invests $266,000 in Dell Technologies Inc. (NYSE:DELL)

Parisi Gray Wealth Management acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,917 shares of the technology company's stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies during the 4th quarter worth $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies during the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Dell Technologies in the fourth quarter valued at about $37,000. Finally, JFS Wealth Advisors LLC increased its position in Dell Technologies by 204.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company's stock worth $38,000 after purchasing an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Trading Up 0.5%

NYSE:DELL traded up $0.52 during midday trading on Monday, reaching $114.27. The company had a trading volume of 5,117,154 shares, compared to its average volume of 9,441,495. The stock's fifty day simple moving average is $96.79 and its 200-day simple moving average is $106.07. The firm has a market capitalization of $79.74 billion, a price-to-earnings ratio of 20.19, 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 issued its 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). Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm 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 EPS. The firm's revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Insiders Place Their Bets

In other news, General Counsel Richard J. Rothberg sold 70,165 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the sale, the general counsel now directly owns 79,928 shares of the company's stock, valued at approximately $8,697,764.96. This represents a 46.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders sold 79,091 shares of company stock valued at $8,608,142 in the last ninety days. Insiders own 42.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DELL shares. Bank of America dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Wells Fargo & Company cut their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Citigroup upped their price target on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, Barclays raised their price objective on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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).