Qsemble Capital Management LP Invests $526,000 in Dell Technologies Inc. (NYSE:DELL)

Qsemble Capital Management LP purchased a new position in Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,817 shares of the technology company’s stock, valued at approximately $526,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Dell Technologies by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after acquiring an additional 647,192 shares during the period. Capital World Investors bought a new stake in Dell Technologies during the first quarter valued at $835,946,000. Point72 Asset Management L.P. boosted its stake in Dell Technologies by 14.8% during the fourth quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock valued at $309,458,000 after buying an additional 520,677 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Dell Technologies by 449.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after buying an additional 3,038,891 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in Dell Technologies by 83.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after buying an additional 1,011,512 shares during the period. 38.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on DELL. Loop Capital lifted their price objective on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. UBS Group lowered their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Raymond James lowered their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Susquehanna assumed coverage on Dell Technologies in a research report on Tuesday. They set a “neutral” rating and a $120.00 price target on the stock. Finally, Citigroup raised their price target on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.75.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,140,496 shares of company stock valued at $722,588,749. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $114.35 on Friday. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70. The company has a market cap of $81.10 billion, a PE ratio of 23.34, a P/E/G ratio of 1.15 and a beta of 0.90. The stock’s 50-day moving average is $113.98 and its 200 day moving average is $123.86.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for 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%. Dell Technologies’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 EPS. Analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

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).