3 days Ago By ABMN Staff
Quest Partners LLC purchased a new stake in shares of Dell Technologies Inc. ( NYSE:DELL – Free Report ) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,182 shares of the technology company’s stock, valued at approximately $163,000.
Several other hedge funds and other institutional investors have also made changes to their positions in DELL. Jones Financial Companies Lllp bought a new position in shares of Dell Technologies in the fourth quarter worth $25,000. Massmutual Trust Co.
FSB ADV raised its position in shares of Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co.
FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after buying an additional 82 shares in the last quarter. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies in the 2nd quarter worth approximately $28,000. New Covenant Trust Company N.
A. bought a new position in shares of Dell Technologies in the first quarter valued at approximately $30,000. Finally, Central Bank & Trust Co.
acquired a new position in shares of Dell Technologies during the first quarter valued at approximately $34,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets DELL has been the subject of a number of research reports. Loop Capital increased their price target on Dell Technologies from $125.00 to $185.
00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Wells Fargo & Company cut their price target on shares of Dell Technologies from $150.00 to $140.
00 and set an “overweight” rating for the company in a report on Friday, August 30th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Bank of America increased their target price on shares of Dell Technologies from $150.
00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, TD Cowen decreased their price target on shares of Dell Technologies from $155.
00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock.
According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $135.75.
Insiders Place Their Bets In related news, CEO Michael S. Dell sold 1,032,968 shares of Dell Technologies stock in a transaction on Friday, September 13th. The shares were sold at an average price of $113.
67, for a total value of $117,417,472.56. Following the completion of the sale, the chief executive officer now owns 13,094,517 shares of the company’s stock, valued at approximately $1,488,453,747.
39. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . In related news, CEO Michael S.
Dell sold 1,032,968 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $113.67, for a total value of $117,417,472.
56. Following the completion of the sale, the chief executive officer now directly owns 13,094,517 shares in the company, valued at approximately $1,488,453,747.39.
The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction that occurred on Friday, September 6th.
The shares were sold at an average price of $102.07, for a total value of $22,604,422.20.
Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The disclosure for this sale can be found here .
Insiders sold 6,140,496 shares of company stock valued at $722,588,749 over the last ninety days. Corporate insiders own 46.70% of the company’s stock.
Dell Technologies Stock Up 1.9 % Dell Technologies stock opened at $114.30 on Monday.
Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.
70. The stock has a market cap of $81.07 billion, a P/E ratio of 23.
33, a P/E/G ratio of 1.15 and a beta of 0.90.
The company’s fifty day simple moving average is $113.98 and its 200-day simple moving average is $124.30.
Dell Technologies ( NYSE:DELL – Get Free Report ) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.
49 by $0.40. The company had revenue of $25.
03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.
09% and a net margin of 4.32%. The business’s quarterly revenue was up 9.
1% on a year-over-year basis. During the same period last year, the business earned $1.44 EPS.
On average, equities research analysts expect that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.
About Dell Technologies ( Free Report ) 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). Featured Articles Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Dell Technologies Inc. ( NYSE:DELL – Free Report ). Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.
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