14,990 Shares in Dell Technologies Inc. (NYSE:DELL) Purchased by Nicholas Investment Partners LP

Nicholas Investment Partners LP acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,990 shares of the technology company’s stock, valued at approximately $2,067,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies in the second quarter worth about $28,000. Massmutual Trust Co. FSB ADV lifted its holdings 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 worth $25,000 after acquiring an additional 82 shares during the last quarter. Crewe Advisors LLC bought a new position in Dell Technologies in the 2nd quarter valued at approximately $34,000. New Covenant Trust Company N.A. bought a new position in Dell Technologies in the 1st quarter valued at approximately $30,000. Finally, Central Bank & Trust Co. bought a new position in Dell Technologies in the 1st quarter valued at approximately $34,000. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Up 3.1 %

Shares of DELL opened at $112.16 on Friday. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70. The business’s fifty day moving average is $114.47 and its 200 day moving average is $123.71. The stock has a market cap of $79.56 billion, a P/E ratio of 22.89, a P/E/G ratio of 1.08 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its 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. Dell Technologies had a negative return on equity of 182.71% and a net margin of 4.32%. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same period last year, the business earned $1.44 EPS. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current year.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40. Following the transaction, the director now owns 731,612 shares in the company, valued at $107,400,641.60. The disclosure for this sale can be found here. Insiders have sold a total of 3,504,993 shares of company stock worth $433,026,967 in the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Susquehanna assumed coverage on shares of Dell Technologies in a report on Tuesday. They issued a “neutral” rating and a $120.00 price objective for the company. Sanford C. Bernstein dropped their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. UBS Group decreased their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Evercore ISI reissued an “outperform” rating and set a $140.00 target price on shares of Dell Technologies in a research report on Wednesday, August 28th. Finally, Loop Capital increased their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.75.

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).