Leuthold Group LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Leuthold Group LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,527 shares of the technology company’s stock, valued at approximately $211,000.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in shares of Dell Technologies during the 4th quarter worth about $25,000. 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 purchasing an additional 82 shares during the last quarter. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $28,000. New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies in the 1st quarter valued at $30,000. Finally, Central Bank & Trust Co. purchased a new position in shares of Dell Technologies in the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of research reports. Wells Fargo & Company reduced their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Barclays boosted their target price on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Citigroup raised 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. Loop Capital boosted their price objective on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Finally, Raymond James lowered their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.19.

Dell Technologies Stock Up 1.5 %

Shares of Dell Technologies stock opened at $117.78 on Friday. The firm has a market cap of $83.54 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a 52-week low of $63.90 and a 52-week 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 released its earnings results 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 company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. Equities research analysts anticipate that Dell Technologies Inc. will post 6.9 EPS for the current year.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 770,369 shares in the company, valued at approximately $111,456,986.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of Dell Technologies 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 completion of the sale, the director now directly owns 770,369 shares in the company, valued at approximately $111,456,986.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was 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 owns 89,294 shares in the company, valued at approximately $13,035,138.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,297,857 shares of company stock worth $840,653,193. 46.70% of the stock is owned by corporate insiders.

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).