Rhumbline Advisers Increases Position in Dell Technologies Inc. (NYSE:DELL)

Rhumbline Advisers grew its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 6.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 674,883 shares of the technology company's stock after purchasing an additional 39,619 shares during the quarter. Rhumbline Advisers owned about 0.10% of Dell Technologies worth $61,515,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bogart Wealth LLC raised its stake in Dell Technologies by 7.7% in the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock valued at $161,000 after acquiring an additional 100 shares during the period. Tortoise Investment Management LLC lifted its stake 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 worth $62,000 after buying an additional 100 shares during the last quarter. Vanguard Capital Wealth Advisors grew its stake in Dell Technologies by 5.9% in 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 during the last quarter. Spire Wealth Management raised its holdings in Dell Technologies by 3.3% in the 4th quarter. Spire Wealth Management now owns 3,290 shares of the technology company's stock valued at $379,000 after acquiring an additional 104 shares during the period. Finally, Center for Financial Planning Inc. lifted its position in Dell Technologies by 47.4% during the fourth quarter. Center for Financial Planning Inc. now owns 345 shares of the technology company's stock worth $40,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Stock Down 0.8%

DELL stock traded down $0.90 during midday trading on Thursday, hitting $111.80. The company's stock had a trading volume of 5,310,510 shares, compared to its average volume of 9,576,688. The company has a 50 day moving average of $95.93 and a two-hundred day moving average of $106.80. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $161.52. The firm has a market capitalization of $78.02 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.27 earnings per share. On average, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DELL shares. Barclays raised their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. 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. TD Cowen lifted their price target on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Finally, Loop Capital reduced their target price on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Insider Buying and Selling at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction 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 sale, the chief accounting officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the transaction, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 42.00% of the company's stock.

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).