104,017 Shares in Dell Technologies Inc. (NYSE:DELL) Purchased by Verity & Verity LLC

Verity & Verity LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 104,017 shares of the technology company's stock, valued at approximately $9,481,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 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 during the last quarter. Rhumbline Advisers raised its holdings in shares of Dell Technologies by 4.0% during the 4th quarter. Rhumbline Advisers now owns 635,264 shares of the technology company's stock valued at $73,208,000 after buying an additional 24,205 shares in the last quarter. G&S Capital LLC lifted its position in Dell Technologies by 95.9% in the 4th quarter. G&S Capital LLC now owns 21,785 shares of the technology company's stock worth $2,511,000 after buying an additional 10,666 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in Dell Technologies by 10.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 116,295 shares of the technology company's stock valued at $13,402,000 after acquiring an additional 11,155 shares during the last quarter. Finally, Sawgrass Asset Management LLC grew its position in Dell Technologies by 17.1% during the fourth quarter. Sawgrass Asset Management LLC now owns 17,254 shares of the technology company's stock valued at $1,988,000 after acquiring an additional 2,518 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Price Performance

DELL traded down $3.92 on Friday, hitting $109.48. The company had a trading volume of 5,121,351 shares, compared to its average volume of 9,323,437. The stock has a fifty day simple moving average of $100.19 and a 200-day simple moving average of $105.38. The firm has a market capitalization of $76.40 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $161.52.

Dell Technologies (NYSE:DELL - Get Free Report) last released 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 firm had revenue of $23.38 billion during 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 company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 EPS. Equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Dell Technologies

In other news, 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 transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 453,321 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $114.99, for a total transaction of $52,127,381.79. Following the sale, the director now owns 877,339 shares of the company's stock, valued at approximately $100,885,211.61. This represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 851,905 shares of company stock valued at $97,155,665. Corporate insiders own 42.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Citigroup upped their price target on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Wells Fargo & Company decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Raymond James raised their price target on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Finally, Morgan Stanley lifted their price target on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and an average target price 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).