Union Bancaire Privee UBP SA Grows Stake in Dell Technologies Inc. (NYSE:DELL)

Union Bancaire Privee UBP SA boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 24.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,761 shares of the technology company's stock after acquiring an additional 9,471 shares during the period. Union Bancaire Privee UBP SA's holdings in Dell Technologies were worth $4,222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Net Worth Advisory Group bought a new stake in shares of Dell Technologies in the first quarter worth about $526,000. Focus Financial Network Inc. grew its position in shares of Dell Technologies by 20.9% in the 1st quarter. Focus Financial Network Inc. now owns 2,490 shares of the technology company's stock valued at $227,000 after purchasing an additional 431 shares during the period. Foresight Capital Management Advisors Inc. increased its stake in Dell Technologies by 13.1% during the 1st quarter. Foresight Capital Management Advisors Inc. now owns 18,112 shares of the technology company's stock worth $1,651,000 after purchasing an additional 2,094 shares in the last quarter. CX Institutional acquired a new stake in Dell Technologies during the 1st quarter worth approximately $174,000. Finally, Assenagon Asset Management S.A. lifted its stake in Dell Technologies by 2,462.3% in the first quarter. Assenagon Asset Management S.A. now owns 259,719 shares of the technology company's stock valued at $23,673,000 after buying an additional 249,583 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of NYSE DELL traded up $2.09 during mid-day trading on Thursday, hitting $113.33. The stock had a trading volume of 5,595,291 shares, compared to its average volume of 9,381,840. The firm has a market cap of $79.09 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The business has a 50 day moving average price of $98.68 and a two-hundred day moving average price of $105.94. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $161.52.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The business 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%. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 EPS. Equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Insider Activity at Dell Technologies

In other news, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction that occurred on 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 in the company, valued at $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 310,771 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $113.99, for a total transaction of $35,424,786.29. Following the completion of the transaction, the director now owns 877,339 shares in the company, valued at $100,007,872.61. This trade represents a 26.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 851,905 shares of company stock valued at $97,155,665 in the last 90 days. Corporate insiders own 42.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Bank of America decreased 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. Morgan Stanley raised their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Wells Fargo & Company cut their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. The Goldman Sachs Group decreased their target price 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. Finally, Mizuho boosted their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, Dell Technologies presently has a consensus 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).