Collective Family Office LLC Sells 600 Shares of Dell Technologies Inc. (NYSE:DELL)

Collective Family Office LLC trimmed its holdings in Dell Technologies Inc. (NYSE:DELL) by 17.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,750 shares of the technology company’s stock after selling 600 shares during the quarter. Collective Family Office LLC’s holdings in Dell Technologies were worth $251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares during the last quarter. Capital World Investors raised its holdings in Dell Technologies by 0.6% during the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock worth $1,436,000,000 after purchasing an additional 72,271 shares during the last quarter. Geode Capital Management LLC raised its holdings in Dell Technologies by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock worth $789,680,000 after purchasing an additional 552,213 shares during the last quarter. Norges Bank bought a new stake in Dell Technologies during the 4th quarter worth about $455,029,000. Finally, Northern Trust Corp increased its stake in shares of Dell Technologies by 16.1% in the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company’s stock valued at $382,281,000 after acquiring an additional 460,483 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Down 0.2%

NYSE:DELL opened at $113.60 on Friday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $178.84. The business has a 50 day moving average price of $94.75 and a two-hundred day moving average price of $107.45. The company has a market cap of $79.27 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same period last year, the company earned $1.27 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. As a group, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent analyst reports. Evercore ISI reaffirmed an “outperform” rating on shares of Dell Technologies in a research note on Thursday. Bank of America lowered their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Loop Capital lowered their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Mizuho upped their price target on Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. Finally, The Goldman Sachs Group lowered their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.82.

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).