Bahl & Gaynor Inc. Has $194.29 Million Position in Dell Technologies Inc. (NYSE:DELL)

Bahl & Gaynor Inc. boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,408,807 shares of the technology company’s stock after buying an additional 55,763 shares during the period. Dell Technologies makes up about 1.1% of Bahl & Gaynor Inc.’s portfolio, making the stock its 27th largest position. Bahl & Gaynor Inc. owned approximately 0.20% of Dell Technologies worth $194,289,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies during the 2nd quarter worth approximately $28,000. Massmutual Trust Co. FSB ADV grew its position in shares of 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 in the last quarter. Crewe Advisors LLC purchased a new position in Dell Technologies during the 2nd quarter valued at about $34,000. New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies during the first quarter valued at about $30,000. Finally, Central Bank & Trust Co. purchased a new stake in shares of Dell Technologies in the first quarter worth about $34,000. 38.10% of the stock is owned by institutional investors.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $106.64 on Wednesday. Dell Technologies Inc. has a 52-week low of $63.90 and a 52-week high of $179.70. The company has a fifty day moving average of $115.76 and a 200-day moving average of $123.90. The stock has a market capitalization of $75.64 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 1.08 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly 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. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 182.71%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on DELL. Raymond James decreased their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Sanford C. Bernstein decreased their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Loop Capital raised their price target on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Morgan Stanley dropped their price target on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Finally, Susquehanna assumed coverage on shares of Dell Technologies in a research report on Tuesday. They issued a “neutral” rating and a $120.00 price objective on the stock. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.75.

Insiders Place Their Bets

In other news, Director David W. Dorman sold 75,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the completion of the sale, the director now owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $135.26, for a total value of $10,144,500.00. Following the transaction, the director now owns 114,317 shares in the company, valued at $15,462,517.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the sale, the director now owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The disclosure for this sale can be found here. Insiders have sold 6,417,822 shares of company stock valued at $822,731,096 in the last ninety days. Company insiders own 46.70% of the company’s stock.

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).