Beaton Management Co. Inc. Takes Position in Dell Technologies Inc. (NYSE:DELL)

Beaton Management Co. Inc. purchased a new position in Dell Technologies Inc. (NYSE:DELL) during the second quarter, HoldingsChannel reports. The fund purchased 1,582 shares of the technology company’s stock, valued at approximately $218,000.

Several other hedge funds have also recently bought and sold shares of the company. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies in the 2nd quarter worth about $28,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Dell Technologies by 58.2% during 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 period. Crewe Advisors LLC acquired a new position in shares of Dell Technologies during the second quarter worth $34,000. New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies in the first quarter valued at $30,000. Finally, Carolinas Wealth Consulting LLC grew its holdings in Dell Technologies by 1,130.4% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 283 shares of the technology company’s stock valued at $39,000 after purchasing an additional 260 shares in the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In other 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 stock was sold at an average price of $144.68, for a total value of $144,680,000.00. Following the sale, the director now owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Dell Technologies news, CEO Michael S. Dell sold 1,546,550 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $116.30, for a total value of $179,863,765.00. Following the transaction, the chief executive officer now owns 11,912,241 shares of the company’s stock, valued at $1,385,393,628.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $144.68, for a total value of $144,680,000.00. Following the sale, the director now directly owns 770,369 shares of the company’s stock, valued at $111,456,986.92. The disclosure for this sale can be found here. Insiders have sold 7,297,857 shares of company stock worth $840,653,193 over the last quarter. 46.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Loop Capital boosted their price objective on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Sanford C. Bernstein reduced their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. increased their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Finally, Wells Fargo & Company decreased their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research note 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $139.19.

Dell Technologies Stock Performance

NYSE:DELL opened at $117.78 on Friday. The stock has a market cap of $83.54 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70. The business has a fifty day moving average of $111.74 and a 200-day moving average of $124.29.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the prior year, the firm posted $1.44 EPS. Dell Technologies’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Dell Technologies Inc. will post 6.9 EPS 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).