Hennessy Advisors Inc. Sells 16,100 Shares of Dell Technologies Inc. (NYSE:DELL)

Hennessy Advisors Inc. trimmed its stake in Dell Technologies Inc. (NYSE:DELL) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,400 shares of the technology company’s stock after selling 16,100 shares during the period. Hennessy Advisors Inc.’s holdings in Dell Technologies were worth $9,151,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bellwether Advisors LLC bought a new position in shares of Dell Technologies in the fourth quarter worth approximately $25,000. Vision Financial Markets LLC bought a new position in Dell Technologies during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new position in Dell Technologies during the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new position in Dell Technologies during the fourth quarter valued at approximately $37,000. Finally, Crowley Wealth Management Inc. grew its position in Dell Technologies by 86.2% during the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company’s stock valued at $30,000 after acquiring an additional 150 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction 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 approximately $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 453,321 shares of the firm’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $114.99, for a total value of $52,127,381.79. Following the transaction, the director now directly owns 877,339 shares of the company’s stock, valued at $100,885,211.61. This represents a 34.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 851,905 shares of company stock valued at $97,155,665 over the last quarter. 42.00% of the stock is owned by company insiders.

Dell Technologies Stock Down 3.5%

Shares of DELL stock opened at $109.48 on Friday. The stock has a fifty day moving average of $100.19 and a 200 day moving average of $105.51. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $161.52. The firm has a market capitalization of $76.40 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $23.38 billion during the quarter, compared to analysts’ expectations of $23.17 billion. During the same period in the previous year, the business earned $1.27 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent research reports. UBS Group reduced their price target on shares of Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. Raymond James increased their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, May 30th. Wall Street Zen upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays increased 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. Finally, Citigroup increased their price objective on Dell Technologies from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

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).