Choreo LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Choreo LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the second quarter, Holdings Channel.com reports. The fund bought 5,452 shares of the technology company’s stock, valued at approximately $776,000.

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

Dell Technologies Stock Performance

Dell Technologies stock opened at $114.35 on Friday. The business has a fifty day moving average of $113.98 and a two-hundred day moving average of $123.86. The company has a market cap of $81.10 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 earnings per share. Sell-side analysts predict that Dell Technologies Inc. will post 6.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Citigroup raised their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 30th. UBS Group reduced their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. JPMorgan Chase & Co. lifted their target price on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Morgan Stanley reduced their price objective on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Finally, Barclays lifted their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Three 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, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $135.75.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the completion of the sale, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The disclosure for this sale can be found here. Insiders have sold 6,140,496 shares of company stock worth $722,588,749 in the last three months. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies 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).