Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 82.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,111 shares of the technology company’s stock after purchasing an additional 2,769 shares during the period. Moors & Cabot Inc.’s holdings in Dell Technologies were worth $843,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Citizens Financial Group Inc. RI lifted its position in shares of Dell Technologies by 1.7% during the second quarter. Citizens Financial Group Inc. RI now owns 6,780 shares of the technology company’s stock worth $935,000 after purchasing an additional 114 shares during the last quarter. AlpInvest Partners B.V. bought a new position in Dell Technologies during the 2nd quarter worth approximately $3,138,000. Massachusetts Financial Services Co. MA grew its position in shares of Dell Technologies by 10.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 63,304 shares of the technology company’s stock worth $8,730,000 after acquiring an additional 5,821 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Dell Technologies during the 2nd quarter valued at approximately $232,000. Finally, Diversify Wealth Management LLC bought a new position in Dell Technologies during the second quarter worth $2,162,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Trading Down 0.7 %

DELL stock opened at $116.05 on Thursday. The firm’s 50-day moving average is $112.20 and its two-hundred day moving average is $124.34. The company has a market capitalization of $82.31 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a 52 week low of $63.90 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the prior year, the firm posted $1.44 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DELL. Wells Fargo & Company dropped their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Bank of America increased their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Loop Capital upped their target price on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Sanford C. Bernstein cut their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Finally, TD Cowen lowered their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.19.

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The disclosure for this sale can be found here. Insiders sold 7,297,857 shares of company stock valued at $840,653,193 over the last 90 days. 46.70% of the stock is currently owned by corporate insiders.

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).