Elo Mutual Pension Insurance Co Raises Position in Dell Technologies Inc. (NYSE:DELL)

Elo Mutual Pension Insurance Co increased its holdings in Dell Technologies Inc. (NYSE:DELL) by 9.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,118 shares of the technology company’s stock after buying an additional 2,178 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Dell Technologies were worth $3,326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. GPS Wealth Strategies Group LLC increased its stake in Dell Technologies by 1.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock valued at $822,000 after acquiring an additional 80 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the last quarter. J.P. Marvel Investment Advisors LLC increased its stake in Dell Technologies by 0.9% in the first quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock valued at $1,242,000 after acquiring an additional 98 shares during the last quarter. Citizens Financial Group Inc. RI increased its stake in Dell Technologies by 1.7% in the second quarter. Citizens Financial Group Inc. RI now owns 6,780 shares of the technology company’s stock valued at $935,000 after acquiring an additional 114 shares during the last quarter. Finally, M3 Advisory Group LLC increased its stake in Dell Technologies by 3.4% in the second quarter. M3 Advisory Group LLC now owns 3,557 shares of the technology company’s stock valued at $491,000 after acquiring an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insiders Place Their Bets

In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.52. Following the completion of the sale, the chief marketing officer now directly owns 89,294 shares in the company, valued at $13,035,138.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Jane Tunnell sold 3,624 shares of Dell Technologies stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction of $529,031.52. Following the transaction, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The disclosure for this sale can be found here. Insiders sold 7,297,857 shares of company stock worth $840,653,193 over the last three months. Company insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DELL. UBS Group reduced their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Raymond James reduced their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Susquehanna initiated coverage on Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Citigroup raised their price objective on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Dell Technologies in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $139.19.

Dell Technologies Price Performance

NYSE DELL opened at $116.05 on Thursday. The stock has a market capitalization of $82.31 billion, a PE ratio of 23.68, a PEG ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70. The business’s 50-day moving average is $112.20 and its 200 day moving average is $124.34.

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

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).