Thoroughbred Financial Services LLC Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

Thoroughbred Financial Services LLC increased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 237.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 26,566 shares of the technology company’s stock after purchasing an additional 18,695 shares during the period. Thoroughbred Financial Services LLC’s holdings in Dell Technologies were worth $3,663,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Capital World Investors purchased a new stake in shares of Dell Technologies in the 1st quarter worth approximately $835,946,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Dell Technologies by 449.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after acquiring an additional 3,038,891 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Dell Technologies by 83.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after acquiring an additional 1,011,512 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Dell Technologies by 2,466.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock worth $67,810,000 after purchasing an additional 851,867 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its stake in Dell Technologies by 159.8% in the first quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock valued at $154,396,000 after purchasing an additional 832,144 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 2.0 %

Shares of NYSE DELL opened at $114.35 on Friday. The company has a 50 day simple moving average of $113.98 and a two-hundred day simple moving average of $123.86. The stock has a market cap of $81.10 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DELL shares. Citigroup raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Evercore ISI reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Dell Technologies in a report on Wednesday, August 28th. Morgan Stanley decreased their price objective on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Loop Capital boosted their target price on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $135.75.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies 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 directly owns 731,612 shares in the company, valued at $116,172,669.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Michael S. Dell sold 1,032,968 shares of Dell Technologies stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $113.67, for a total value of $117,417,472.56. Following the completion of the transaction, the chief executive officer now owns 13,094,517 shares in the company, valued at approximately $1,488,453,747.39. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the transaction, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. Insiders have sold 6,140,496 shares of company stock worth $722,588,749 over the last quarter. 46.70% of the stock is currently owned by insiders.

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).