Dorsey & Whitney Trust CO LLC Buys New Shares in Dell Technologies Inc. (NYSE:DELL)

Dorsey & Whitney Trust CO LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,554 shares of the technology company’s stock, valued at approximately $214,000.

Other hedge funds have also made changes to their positions in the company. GPS Wealth Strategies Group LLC lifted its stake in Dell Technologies by 1.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after purchasing an additional 80 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC lifted its stake in Dell Technologies by 0.9% during the first quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after purchasing an additional 98 shares during the period. M3 Advisory Group LLC raised its stake in shares of Dell Technologies by 3.4% in the second quarter. M3 Advisory Group LLC now owns 3,557 shares of the technology company’s stock valued at $491,000 after acquiring an additional 117 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of Dell Technologies by 0.6% in the second quarter. Gulf International Bank UK Ltd now owns 21,297 shares of the technology company’s stock valued at $2,937,000 after acquiring an additional 118 shares during the last quarter. Institutional investors own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the sale, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the sale, the director now owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,504,993 shares of company stock worth $433,026,967. 46.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DELL. Citigroup lifted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Loop Capital lifted their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Bank of America lifted 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. UBS Group lowered their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Raymond James lowered their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $135.75.

Dell Technologies Trading Up 3.1 %

NYSE DELL opened at $112.16 on Friday. The stock has a 50-day simple moving average of $114.47 and a 200 day simple moving average of $123.71. The company has a market capitalization of $79.56 billion, a PE ratio of 22.89, a P/E/G ratio of 1.08 and a beta of 0.90. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business 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 182.71% and a net margin of 4.32%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 earnings per share. As a group, sell-side analysts predict that Dell Technologies Inc. will post 6.9 earnings per share 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).