Sentinel Pension Advisors LLC Buys Shares of 4,103 Dell Technologies Inc. (NYSE:DELL)

Sentinel Pension Advisors LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,103 shares of the technology company’s stock, valued at approximately $374,000.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. Capital World Investors raised its position in shares of Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock valued at $1,436,000,000 after purchasing an additional 72,271 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock valued at $789,680,000 after purchasing an additional 552,213 shares in the last quarter. Norges Bank acquired a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $455,029,000. Finally, Northern Trust Corp raised its position in shares of Dell Technologies by 16.1% during the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company’s stock valued at $382,281,000 after acquiring an additional 460,483 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DELL shares. Evercore ISI reissued an “outperform” rating on shares of Dell Technologies in a research report on Thursday, May 29th. Wells Fargo & Company dropped their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. TD Cowen upped their price target on Dell Technologies from $120.00 to $125.00 and gave the company a “hold” rating in a research report on Friday, May 30th. Citigroup upped their price target on Dell Technologies from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Finally, Morgan Stanley upped their price target on Dell Technologies from $89.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Dell Technologies Stock Up 1.7%

Shares of DELL stock opened at $113.77 on Friday. The stock has a 50-day simple moving average of $96.79 and a 200 day simple moving average of $106.29. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $161.52. The stock has a market capitalization of $79.39 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.10 and a beta of 1.01.

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

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares of the company’s stock, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,091 shares of company stock valued at $8,608,142 over the last 90 days. 42.00% of the stock is currently owned by corporate insiders.

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).