Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in Dell Technologies Inc. (NYSE:DELL) by 2,462.3% in the first quarter, Holdings Channel reports. The fund owned 259,719 shares of the technology company’s stock after purchasing an additional 249,583 shares during the period. Assenagon Asset Management S.A.’s holdings in Dell Technologies were worth $23,673,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies in the 4th quarter worth $25,000. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies in the 4th quarter worth $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Dell Technologies in the 4th quarter worth $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Dell Technologies during the 4th quarter worth $37,000. Finally, JFS Wealth Advisors LLC grew its holdings in shares of Dell Technologies by 204.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company’s stock worth $38,000 after purchasing an additional 221 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Up 1.9%

DELL stock opened at $113.33 on Friday. The business has a 50 day moving average price of $99.45 and a 200 day moving average price of $105.73. The stock has a market cap of $79.09 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $161.52.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. TD Cowen increased their price target on Dell Technologies from $120.00 to $125.00 and gave the stock a “hold” rating in a report on Friday, May 30th. Barclays increased their price target on Dell Technologies from $116.00 to $123.00 and gave the stock an “equal weight” rating in a report on Friday, May 30th. Loop Capital lowered their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company lowered their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, The Goldman Sachs Group lowered their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 8,722 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $114.12, for a total value of $995,354.64. Following the transaction, the director now owns 877,339 shares of the company’s stock, valued at approximately $100,121,926.68. The trade was a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 851,905 shares of company stock valued at $97,155,665 over the last quarter. Company insiders own 42.00% of the company’s stock.

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).