20,000 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,000 shares of the technology company’s stock, valued at approximately $2,758,000. Dell Technologies comprises about 1.5% of New Age Alpha Advisors LLC’s portfolio, making the stock its 17th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DELL. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies during the 2nd quarter worth $28,000. Massmutual Trust Co. FSB ADV lifted its holdings in 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 during the last quarter. Crewe Advisors LLC acquired a new position in shares of Dell Technologies during the 2nd quarter worth about $34,000. New Covenant Trust Company N.A. acquired a new position in Dell Technologies in the first quarter valued at approximately $30,000. Finally, Carolinas Wealth Consulting LLC increased its stake in Dell Technologies by 1,130.4% in the second quarter. Carolinas Wealth Consulting LLC now owns 283 shares of the technology company’s stock valued at $39,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DELL shares. Bank of America upped their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Raymond James dropped their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Citigroup boosted their target price on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Susquehanna initiated coverage on Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target on the stock. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.19.

Insider Buying and Selling at Dell Technologies

In other news, CMO Jane Tunnell sold 3,624 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total value of $529,031.52. Following the completion of the sale, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $144.68, for a total transaction of $144,680,000.00. Following the transaction, the director now directly owns 770,369 shares in the company, valued at $111,456,986.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Jane Tunnell sold 3,624 shares of Dell Technologies stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction of $529,031.52. Following the sale, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,297,857 shares of company stock valued at $840,653,193. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $116.05 on Thursday. The company has a market cap of $82.31 billion, a PE ratio of 23.68, a P/E/G ratio of 1.15 and a beta of 0.90. The stock has a fifty day moving average price of $112.20 and a 200 day moving average price of $124.34. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-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, beating the consensus estimate of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts anticipate 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).