Merit Financial Group LLC Buys 2,431 Shares of Dell Technologies Inc. (NYSE:DELL)

Merit Financial Group LLC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 67.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,051 shares of the technology company’s stock after acquiring an additional 2,431 shares during the period. Merit Financial Group LLC’s holdings in Dell Technologies were worth $552,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of DELL. Bellwether Advisors LLC bought a new stake in Dell Technologies during the fourth quarter worth about $25,000. Vision Financial Markets LLC bought a new stake in Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new stake in Dell Technologies in the fourth quarter valued at approximately $37,000. Finally, JFS Wealth Advisors LLC raised its stake in Dell Technologies by 204.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company’s stock valued at $38,000 after buying an additional 221 shares during the period. Institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the sale, the general counsel now owns 79,928 shares of the company’s stock, valued at approximately $8,697,764.96. This trade represents a 46.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the 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 transaction, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,091 shares of company stock valued at $8,608,142. 42.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. The Goldman Sachs Group dropped their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Raymond James upped their price objective on Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. TD Cowen upped their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Loop Capital dropped their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, UBS Group decreased their target price on Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.00.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $114.27 on Tuesday. The company has a market capitalization of $79.74 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $161.52. The business’s 50 day simple moving average is $97.16 and its 200 day simple moving average is $105.86.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). The company 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.27 EPS. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

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).