Dell Technologies Inc. (NYSE:DELL) Position Increased by Carolinas Wealth Consulting LLC

Carolinas Wealth Consulting LLC raised its position in Dell Technologies Inc. (NYSE:DELL) by 1,130.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283 shares of the technology company’s stock after purchasing an additional 260 shares during the quarter. Carolinas Wealth Consulting LLC’s holdings in Dell Technologies were worth $39,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DELL. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Dell Technologies by 22.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock worth $15,482,000 after purchasing an additional 25,117 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Dell Technologies during the 1st quarter valued at about $104,000. Oppenheimer Asset Management Inc. raised its stake in shares of Dell Technologies by 31.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after acquiring an additional 1,539 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Dell Technologies in the 4th quarter worth approximately $410,000. Finally, Tidal Investments LLC boosted its position in Dell Technologies by 114.2% during the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after purchasing an additional 5,432 shares during the period. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

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 P/E/G ratio of 1.15 and a beta of 0.90. The firm’s fifty day moving average price is $111.74 and its two-hundred day moving average price is $124.29. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share. On average, equities research analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James reduced their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Citigroup boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. raised their price target on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Finally, Barclays lifted their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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 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 sale, the director now directly owns 731,612 shares in the company, valued at $107,400,641.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CMO Jane Tunnell sold 3,624 shares of the stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the sale, the chief marketing officer now directly owns 89,294 shares in the company, valued at approximately $13,035,138.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40. Following the sale, the director now directly owns 731,612 shares of the company’s stock, valued at $107,400,641.60. The disclosure for this sale can be found here. Insiders sold 7,297,857 shares of company stock worth $840,653,193 in the last 90 days. 46.70% of the stock is owned by company insiders.

About Dell Technologies

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).