Meeder Advisory Services Inc. Invests $225,000 in Dell Technologies Inc. (NYSE:DELL)

Meeder Advisory Services Inc. bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,630 shares of the technology company’s stock, valued at approximately $225,000.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Dell Technologies by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after buying an additional 647,192 shares in the last quarter. Capital World Investors bought a new position in shares of Dell Technologies during the first quarter worth about $835,946,000. Point72 Asset Management L.P. lifted its position in Dell Technologies by 14.8% during the 4th quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock worth $309,458,000 after buying an additional 520,677 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Dell Technologies by 449.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after buying an additional 3,038,891 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in 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 during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

NYSE:DELL opened at $115.47 on Tuesday. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70. The company has a 50 day simple moving average of $113.37 and a two-hundred day simple moving average of $124.45. The company has a market capitalization of $81.90 billion, a PE ratio of 23.57, a P/E/G ratio of 1.15 and a beta of 0.90.

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, beating the consensus estimate 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 business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. Research analysts predict that Dell Technologies Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Loop Capital raised their price target on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Bank of America increased their price target on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. TD Cowen cut 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. Wells Fargo & Company decreased their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $135.75.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the firm’s stock in a transaction dated 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 directly owns 731,612 shares in the company, valued at approximately $107,400,641.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the company’s stock in a transaction on 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 transaction, the director now owns 731,612 shares in the company, valued at $107,400,641.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction 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 ninety days, insiders sold 6,140,496 shares of company stock worth $722,588,749. 46.70% of the stock is currently owned by company 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).