Dell Technologies Inc. (NYSE:DELL) Stake Boosted by Carolinas Wealth Consulting LLC

Carolinas Wealth Consulting LLC raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 1,130.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 283 shares of the technology company’s stock after purchasing an additional 260 shares during the period. Carolinas Wealth Consulting LLC’s holdings in Dell Technologies were worth $39,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. GPS Wealth Strategies Group LLC raised its stake in Dell Technologies by 1.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after acquiring an additional 80 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC grew its stake in Dell Technologies by 0.9% during the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after buying an additional 98 shares during the last quarter. Citizens Financial Group Inc. RI boosted its holdings 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 valued at $935,000 after acquiring an additional 114 shares during the period. Finally, M3 Advisory Group LLC grew its position in shares of Dell Technologies by 3.4% during the second quarter. M3 Advisory Group LLC now owns 3,557 shares of the technology company’s stock worth $491,000 after acquiring an additional 117 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

NYSE DELL opened at $117.78 on Friday. The company has a market capitalization of $83.54 billion, a P/E ratio of 24.04, a PEG ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70. The company’s 50 day simple moving average is $111.74 and its 200 day simple moving average is $124.29.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The company 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 quarter in the prior year, the firm earned $1.44 EPS. On average, analysts anticipate that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DELL shares. TD Cowen reduced their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Evercore ISI reiterated an “outperform” rating and set a $140.00 price objective on shares of Dell Technologies in a research report on Wednesday, August 28th. Bank of America raised their target price on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company cut their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Citigroup increased their price target on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $139.19.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the completion of the sale, the director now directly owns 731,612 shares of the company’s stock, valued at $107,400,641.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the sale, the director now owns 731,612 shares of the company’s stock, valued at $107,400,641.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lake Group L.L.C. Silver sold 25,381 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total value of $3,411,714.02. Following the transaction, the director now directly owns 787,669 shares in the company, valued at $105,878,466.98. The disclosure for this sale can be found here. In 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 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).