Lpwm LLC Has $266,000 Stock Position in Dell Technologies Inc. (NYSE:DELL)

Lpwm LLC boosted its position in Dell Technologies Inc. (NYSE:DELL) by 14.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,921 shares of the technology company’s stock after purchasing an additional 361 shares during the period. Lpwm LLC’s holdings in Dell Technologies were worth $266,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Dell Technologies by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock worth $3,222,175,000 after acquiring an additional 2,662,407 shares during the last quarter. Capital World Investors lifted its position in Dell Technologies by 0.6% during the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock worth $1,436,000,000 after acquiring an additional 72,271 shares during the last quarter. Geode Capital Management LLC lifted its position in Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock worth $789,680,000 after acquiring an additional 552,213 shares during the last quarter. Norges Bank acquired a new stake in Dell Technologies during the fourth quarter worth approximately $455,029,000. Finally, Northern Trust Corp lifted its position in Dell Technologies by 16.1% during the fourth quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company’s stock worth $382,281,000 after acquiring an additional 460,483 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Richard J. Rothberg sold 70,165 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the transaction, the general counsel now directly owns 79,928 shares in the company, valued at approximately $8,697,764.96. This represents a 46.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,091 shares of company stock worth $8,608,142. Insiders own 42.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. TD Cowen raised their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Bank of America dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. UBS Group dropped their price target on shares of Dell Technologies from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Mizuho lifted their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, May 19th. Finally, Barclays lifted their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the company an “equal weight” rating in a research report on Friday, May 30th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $138.00.

Dell Technologies Price Performance

Shares of DELL opened at $113.77 on Friday. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $161.52. The company has a market cap of $79.39 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.10 and a beta of 1.01. The firm has a 50 day simple moving average of $96.79 and a two-hundred day simple moving average of $106.29.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter in the prior year, the firm earned $1.27 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal 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).