33,997 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by Asio Capital LLC

Asio Capital LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 33,997 shares of the technology company’s stock, valued at approximately $3,099,000.

Other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in Dell Technologies by 25.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company’s stock valued at $224,000 after buying an additional 506 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Dell Technologies by 9.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company’s stock valued at $5,417,000 after acquiring an additional 4,977 shares during the period. Elevation Point Wealth Partners LLC grew its position in shares of Dell Technologies by 23.5% in the first quarter. Elevation Point Wealth Partners LLC now owns 6,812 shares of the technology company’s stock valued at $621,000 after purchasing an additional 1,295 shares during the last quarter. Opinicus Capital Inc. increased its stake in shares of Dell Technologies by 5.5% in the first quarter. Opinicus Capital Inc. now owns 6,209 shares of the technology company’s stock worth $566,000 after purchasing an additional 326 shares during the period. Finally, Crowley Wealth Management Inc. lifted its position in shares of Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company’s stock worth $30,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

Dell Technologies stock opened at $109.48 on Friday. The firm has a market capitalization of $76.40 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.10 and a beta of 1.01. The stock has a fifty day moving average price of $100.19 and a two-hundred day moving average price of $105.38. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $161.52.

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

Insider Activity at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the sale, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the sale, the general counsel now directly owns 79,928 shares in the company, valued at $8,697,764.96. This trade represents a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 851,905 shares of company stock valued at $97,155,665 in the last three months. Corporate insiders own 42.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DELL shares. Loop Capital lowered their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Barclays boosted their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Friday, May 30th. Mizuho increased their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, May 19th. Bank of America dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Wall Street Zen raised shares of Dell Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

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).