Dell Technologies Inc. (NYSE:DELL) Stock Holdings Raised by Intellectus Partners LLC

Intellectus Partners LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,334 shares of the technology company’s stock after purchasing an additional 328 shares during the period. Intellectus Partners LLC’s holdings in Dell Technologies were worth $760,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Dell Technologies during the 4th quarter worth approximately $455,029,000. Vanguard Group Inc. raised its position in shares of Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after acquiring an additional 2,662,407 shares in the last quarter. Michael & Susan Dell Foundation bought a new position in Dell Technologies during the fourth quarter worth $265,052,000. Janus Henderson Group PLC boosted its holdings in Dell Technologies by 160.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company’s stock worth $348,814,000 after purchasing an additional 1,865,013 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock valued at $337,796,000 after purchasing an additional 1,139,318 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on DELL shares. JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $111.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Loop Capital cut their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Barclays raised their price target on Dell Technologies from $116.00 to $123.00 and gave the stock an “equal weight” rating in a report on Friday, May 30th. Finally, Citigroup upped their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

Dell Technologies Stock Up 1.7%

Shares of DELL opened at $113.77 on Friday. The firm has a market capitalization of $79.39 billion, a PE ratio of 20.10, a P/E/G ratio of 1.10 and a beta of 1.01. The firm has a 50-day moving average price of $96.79 and a 200 day moving average price of $106.48. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $161.52.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data 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 net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter last year, the business earned $1.27 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Insider Activity

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the transaction, the general counsel now owns 79,928 shares in the company, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This trade represents a 2.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,091 shares of company stock worth $8,608,142. 42.00% of the stock is owned by company insiders.

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).