Wesbanco Bank Inc. Cuts Holdings in Dell Technologies Inc. (NYSE:DELL)

Wesbanco Bank Inc. cut its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 55.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,931 shares of the technology company's stock after selling 13,700 shares during the period. Wesbanco Bank Inc.'s holdings in Dell Technologies were worth $996,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

DELL has been the topic of a number of recent analyst reports. TD Cowen lifted their target price on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Raymond James raised their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. raised their target price on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Finally, Barclays boosted their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $138.00.

Insider Activity

In related news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction on Friday, March 28th. The shares were 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. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies 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 transaction, the general counsel now owns 79,928 shares of the company's stock, valued at $8,697,764.96. The trade was a 46.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,091 shares of company stock valued at $8,608,142. Company insiders own 42.00% of the company's stock.

Dell Technologies Stock Performance

NYSE:DELL traded down $0.91 during trading hours on Tuesday, reaching $113.31. The company's stock had a trading volume of 8,658,281 shares, compared to its average volume of 9,438,383. The stock has a 50 day moving average price of $97.16 and a two-hundred day moving average price of $105.86. The company has a market capitalization of $79.07 billion, a P/E ratio of 20.02, a price-to-earnings-growth 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 quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same period in the previous year, the firm earned $1.27 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

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).