Gateway Investment Advisers LLC Raises Stock Position in Dell Technologies Inc. (NYSE:DELL)

Gateway Investment Advisers LLC grew its holdings in Dell Technologies Inc. (NYSE:DELL) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,349 shares of the technology company’s stock after purchasing an additional 1,329 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Dell Technologies were worth $5,774,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Intellectus Partners LLC lifted its holdings in Dell Technologies by 4.1% during the 1st quarter. Intellectus Partners LLC now owns 8,334 shares of the technology company’s stock worth $760,000 after buying an additional 328 shares in the last quarter. Generali Investments Management Co LLC increased its position in shares of Dell Technologies by 28.4% during the first quarter. Generali Investments Management Co LLC now owns 1,414 shares of the technology company’s stock worth $129,000 after acquiring an additional 313 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Dell Technologies by 48.4% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,533 shares of the technology company’s stock valued at $140,000 after acquiring an additional 500 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Dell Technologies by 25.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 43,728 shares of the technology company’s stock valued at $3,986,000 after purchasing an additional 8,866 shares during the period. Finally, Fulton Bank N.A. grew its stake in Dell Technologies by 6.3% during the 1st quarter. Fulton Bank N.A. now owns 15,640 shares of the technology company’s stock worth $1,426,000 after purchasing an additional 930 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $113.77 on Friday. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $161.52. The firm has a market capitalization of $79.39 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.10 and a beta of 1.01. The company’s fifty day moving average price is $96.79 and its 200 day moving average price is $106.29.

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

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the completion of the sale, the general counsel now directly owns 79,928 shares of the company’s stock, valued at $8,697,764.96. This represents a 46.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,091 shares of company stock worth $8,608,142. 42.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DELL has been the topic of a number of analyst reports. Mizuho increased their price target on Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, May 19th. UBS Group cut their target price on shares of Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Evercore ISI reissued an “outperform” rating on shares of Dell Technologies in a research report on Thursday, May 29th. Finally, TD Cowen raised their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the company a “hold” rating in a report on Friday, May 30th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

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).