Dell Technologies Inc. (NYSE:DELL) Shares Bought by Argent Trust Co

Argent Trust Co lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 95.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,265 shares of the technology company’s stock after purchasing an additional 3,555 shares during the period. Argent Trust Co’s holdings in Dell Technologies were worth $1,002,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its stake in Dell Technologies by 12.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 53,079 shares of the technology company’s stock valued at $7,320,000 after purchasing an additional 5,979 shares during the period. True Vision MN LLC purchased a new position in shares of Dell Technologies during the second quarter worth about $447,000. DecisionPoint Financial LLC purchased a new stake in Dell Technologies during the 2nd quarter valued at approximately $45,000. Plancorp LLC acquired a new stake in Dell Technologies during the 2nd quarter worth approximately $210,000. Finally, Moors & Cabot Inc. grew its stake in shares of Dell Technologies by 82.9% in the 2nd quarter. Moors & Cabot Inc. now owns 6,111 shares of the technology company’s stock valued at $843,000 after purchasing an additional 2,769 shares during the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Michael S. Dell sold 1,546,550 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $116.30, for a total transaction of $179,863,765.00. Following the transaction, the chief executive officer now directly owns 11,912,241 shares in the company, valued at $1,385,393,628.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 7,297,857 shares of company stock valued at $840,653,193 over the last quarter. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DELL. Wells Fargo & Company lowered their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Evercore ISI reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a report on Wednesday, August 28th. Susquehanna began coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Sanford C. Bernstein dropped their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, Bank of America raised their price target on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $139.19.

Dell Technologies Trading Up 1.5 %

NYSE:DELL opened at $117.78 on Friday. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70. The company has a market capitalization of $83.54 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The firm has a 50-day moving average price of $111.74 and a two-hundred day moving average price of $124.29.

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