OneAscent Wealth Management LLC Reduces Holdings in Dell Technologies Inc. (NYSE:DELL)

OneAscent Wealth Management LLC trimmed its position in shares of Dell Technologies Inc. (NYSE:DELL) by 36.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,822 shares of the technology company’s stock after selling 2,205 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Dell Technologies were worth $207,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Dell Technologies during the first quarter worth approximately $27,000. MV Capital Management Inc. increased its position in shares of Dell Technologies by 519.2% during the first quarter. MV Capital Management Inc. now owns 613 shares of the technology company’s stock worth $25,000 after purchasing an additional 514 shares in the last quarter. Boulder Wealth Advisors LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth approximately $25,000. CI Investments Inc. increased its position in shares of Dell Technologies by 103.8% during the fourth quarter. CI Investments Inc. now owns 699 shares of the technology company’s stock worth $28,000 after purchasing an additional 356 shares in the last quarter. Finally, BDO Wealth Advisors LLC purchased a new stake in shares of Dell Technologies during the first quarter worth approximately $28,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, General Counsel Richard J. Rothberg sold 30,009 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total transaction of $2,040,612.00. Following the transaction, the general counsel now owns 99,899 shares in the company, valued at approximately $6,793,132. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Dell Technologies news, COO Anthony Charles Whitten sold 107,803 shares of Dell Technologies stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $55.14, for a total value of $5,944,257.42. Following the transaction, the chief operating officer now directly owns 650,198 shares in the company, valued at approximately $35,851,917.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Richard J. Rothberg sold 30,009 shares of Dell Technologies stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $2,040,612.00. Following the completion of the transaction, the general counsel now owns 99,899 shares in the company, valued at $6,793,132. The disclosure for this sale can be found here. Insiders have sold 3,995,850 shares of company stock worth $221,526,369 in the last quarter. 48.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DELL. Wells Fargo & Company upped their target price on Dell Technologies from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, September 1st. Bank of America increased their target price on Dell Technologies from $60.00 to $70.00 in a research note on Friday, September 1st. The Goldman Sachs Group increased their price target on Dell Technologies from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, September 1st. UBS Group increased their price target on Dell Technologies from $57.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, September 1st. Finally, Citigroup increased their price target on Dell Technologies from $60.00 to $70.00 in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.73.

Dell Technologies Price Performance

Shares of DELL traded down $1.87 during mid-day trading on Friday, reaching $69.29. The company’s stock had a trading volume of 6,093,460 shares, compared to its average volume of 4,437,295. The company’s 50 day moving average is $57.98 and its 200 day moving average is $49.12. The stock has a market cap of $50.39 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 1.10 and a beta of 1.04. Dell Technologies Inc. has a 12-month low of $32.90 and a 12-month high of $72.82.

Dell Technologies Company 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).