Beck Bode LLC Cuts Stake in Dell Technologies Inc. (NYSE:DELL)

Beck Bode LLC reduced its position in Dell Technologies Inc. (NYSE:DELL) by 54.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 13,039 shares of the technology company’s stock after selling 15,600 shares during the period. Beck Bode LLC’s holdings in Dell Technologies were worth $1,798,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DELL. Principal Securities Inc. purchased a new position in Dell Technologies during the 4th quarter worth $52,000. Dimensional Fund Advisors LP grew its holdings in Dell Technologies by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 889,485 shares of the technology company’s stock valued at $68,048,000 after purchasing an additional 3,343 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Dell Technologies by 6.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,456 shares of the technology company’s stock worth $647,000 after purchasing an additional 506 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in Dell Technologies by 16.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 4,993 shares of the technology company’s stock worth $382,000 after purchasing an additional 688 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Dell Technologies by 118.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 49,893 shares of the technology company’s stock valued at $3,817,000 after purchasing an additional 27,026 shares in the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

DELL opened at $116.82 on Wednesday. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70. The company has a market capitalization of $82.86 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The business has a fifty day simple moving average of $112.79 and a 200 day simple moving average of $124.39.

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

Insider Activity

In related news, CEO Michael S. Dell sold 221,460 shares of the company’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 completion of the sale, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the completion of the transaction, the chief marketing officer now directly owns 89,294 shares in the company, valued at approximately $13,035,138.12. 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. Company insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Susquehanna assumed coverage on Dell Technologies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective for the company. UBS Group cut their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Citigroup raised their target price on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Morgan Stanley cut their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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).