Wealth Alliance Reduces Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Wealth Alliance lowered its position in Dell Technologies Inc. (NYSE:DELL) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,451 shares of the technology company’s stock after selling 164 shares during the quarter. Wealth Alliance’s holdings in Dell Technologies were worth $752,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Dell Technologies by 22.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after purchasing an additional 25,117 shares during the period. LRI Investments LLC purchased a new position in Dell Technologies during the first quarter worth about $104,000. Oppenheimer Asset Management Inc. boosted its stake in Dell Technologies by 31.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after buying an additional 1,539 shares during the period. Aigen Investment Management LP purchased a new position in Dell Technologies during the fourth quarter worth about $410,000. Finally, Tidal Investments LLC boosted its stake in Dell Technologies by 114.2% during the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after buying an additional 5,432 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were 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 owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $144.68, for a total transaction of $144,680,000.00. Following the transaction, the director now directly owns 770,369 shares in the company, valued at $111,456,986.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The disclosure for this sale can be found here. Over the last quarter, 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.

Dell Technologies Stock Down 0.7 %

Shares of NYSE:DELL opened at $116.05 on Thursday. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70. The firm’s 50 day moving average price is $112.20 and its 200 day moving average price is $124.34. The stock has a market cap 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 (NYSE:DELL) last released its quarterly earnings data 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 net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter last year, the company earned $1.44 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays increased their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Morgan Stanley lowered their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. UBS Group reduced their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Citigroup increased their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $139.19.

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).