DecisionPoint Financial LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

DecisionPoint Financial LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 327 shares of the technology company’s stock, valued at approximately $45,000.

Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Dell Technologies by 22.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after buying an additional 25,117 shares in the last quarter. LRI Investments LLC acquired a new position in Dell Technologies during the 1st quarter valued at about $104,000. Oppenheimer Asset Management Inc. increased its position in Dell Technologies by 31.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after buying an additional 1,539 shares in the last quarter. Aigen Investment Management LP acquired a new position in Dell Technologies during the 4th quarter valued at about $410,000. Finally, Tidal Investments LLC increased its position in Dell Technologies by 114.2% during the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after buying an additional 5,432 shares in the last quarter. 38.10% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 731,612 shares in the company, valued at $116,172,669.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael S. Dell sold 1,032,968 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $113.67, for a total value of $117,417,472.56. Following the transaction, the chief executive officer now directly owns 13,094,517 shares of the company’s stock, valued at approximately $1,488,453,747.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,140,496 shares of company stock worth $722,588,749. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Up 1.2 %

Shares of DELL opened at $116.82 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 market capitalization of $82.86 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.15 and a beta of 0.90. The stock’s 50-day moving average price is $112.79 and its 200-day moving average price is $124.39.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DELL shares. Loop Capital upped their target price on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Sanford C. Bernstein cut their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Barclays increased their price objective on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Morgan Stanley cut their price objective on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Finally, Mizuho started coverage on Dell Technologies in a report on Tuesday. They issued an “outperform” rating and a $135.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $135.71.

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).