Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Argent Trust Co

Argent Trust Co grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 95.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,265 shares of the technology company’s stock after acquiring an additional 3,555 shares during the period. Argent Trust Co’s holdings in Dell Technologies were worth $1,002,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DELL. GPS Wealth Strategies Group LLC raised its holdings in Dell Technologies by 1.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock valued at $822,000 after buying an additional 80 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings 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 valued at $25,000 after buying an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC lifted its position in Dell Technologies by 0.9% during the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after acquiring an additional 98 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in Dell Technologies by 1.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 6,780 shares of the technology company’s stock worth $935,000 after acquiring an additional 114 shares during the period. Finally, M3 Advisory Group LLC grew its position in 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 in the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

NYSE:DELL opened at $117.78 on Friday. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70. The business has a 50 day simple moving average of $111.74 and a 200 day simple moving average of $124.29. The firm has a market capitalization of $83.54 billion, a P/E ratio of 24.04, a P/E/G ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during 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 company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Research analysts anticipate that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on DELL. Barclays boosted their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Mizuho began coverage on shares of Dell Technologies in a research note on Tuesday. They set an “outperform” rating and a $135.00 price objective on the stock. Sanford C. Bernstein decreased their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. UBS Group cut their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, Citigroup lifted their price target on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.19.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $144.68, for a total value of $144,680,000.00. Following the completion of the transaction, the director now directly owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were 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 of the company’s stock, valued at approximately $1,957,665,690.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the firm’s stock in a transaction that occurred on 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 owns 770,369 shares in the company, valued at approximately $111,456,986.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,297,857 shares of company stock valued at $840,653,193. Insiders own 46.70% of the company’s stock.

About Dell Technologies

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).