Somerset Group LLC Acquires Shares of 10,005 Dell Technologies Inc. (NYSE:DELL)

Somerset Group LLC bought a new position in Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,005 shares of the technology company’s stock, valued at approximately $1,380,000. Dell Technologies makes up about 1.2% of Somerset Group LLC’s holdings, making the stock its 26th largest holding.

Several other institutional investors have also bought and sold shares of DELL. Vanguard Group Inc. increased its holdings in Dell Technologies by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after purchasing an additional 647,192 shares in the last quarter. Capital World Investors bought a new stake in Dell Technologies during the 1st quarter worth about $835,946,000. Point72 Asset Management L.P. increased its position in Dell Technologies by 14.8% in the 4th quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock valued at $309,458,000 after acquiring an additional 520,677 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Dell Technologies by 449.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after acquiring an additional 3,038,891 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Dell Technologies by 2.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock worth $319,771,000 after purchasing an additional 51,804 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. TD Cowen dropped their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Bank of America raised their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Mizuho assumed coverage on shares of Dell Technologies in a report on Tuesday. They issued an “outperform” rating and a $135.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.19.

Dell Technologies Price Performance

NYSE DELL opened at $116.05 on Thursday. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70. The firm has a market cap of $82.31 billion, a P/E ratio of 23.68, a P/E/G ratio of 1.15 and a beta of 0.90. The stock’s 50-day moving average is $112.20 and its 200-day moving average is $124.34.

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

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).