Dell Technologies Inc. (NYSE:DELL) Shares Sold by InTrack Investment Management Inc

InTrack Investment Management Inc reduced its stake in Dell Technologies Inc. (NYSE:DELL) by 40.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,071 shares of the technology company’s stock after selling 5,445 shares during the period. InTrack Investment Management Inc’s holdings in Dell Technologies were worth $736,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DELL. Vanguard Group Inc. lifted its position 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 acquiring an additional 2,662,407 shares in the last quarter. Capital World Investors lifted its position in shares of Dell Technologies by 0.6% during the fourth 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock valued at $789,680,000 after purchasing an additional 552,213 shares during the period. Norges Bank acquired a new stake in Dell Technologies during the 4th quarter valued at $455,029,000. Finally, Northern Trust Corp increased its stake in Dell Technologies by 16.1% during the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company’s stock worth $382,281,000 after buying an additional 460,483 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 245,804 shares of the company’s stock, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,091 shares of company stock worth $8,608,142. Corporate insiders own 42.00% of the company’s stock.

Dell Technologies Stock Down 0.8%

Shares of Dell Technologies stock opened at $113.31 on Wednesday. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $161.52. The company has a market cap of $79.07 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The business has a 50 day moving average price of $97.89 and a 200-day moving average price of $105.91.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $23.17 billion. During the same quarter in the prior year, the company earned $1.27 EPS. The company’s revenue was up 5.1% on a year-over-year basis. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Morgan Stanley raised their target price on Dell Technologies from $89.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Citigroup lifted their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Bank of America reduced their target price 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. Raymond James upped their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, May 30th. Finally, Wells Fargo & Company cut their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $138.00.

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).