Van Hulzen Asset Management LLC Purchases Shares of 2,135 Dell Technologies Inc. (NYSE:DELL)

Van Hulzen Asset Management LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,135 shares of the technology company’s stock, valued at approximately $294,000.

A number of other hedge funds have also recently made changes to their positions in the stock. GPS Wealth Strategies Group LLC lifted its stake in Dell Technologies by 1.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after purchasing an additional 80 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC lifted its stake in Dell Technologies by 0.9% during the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after acquiring an additional 98 shares in the last quarter. M3 Advisory Group LLC grew its position in Dell Technologies by 3.4% in the 2nd quarter. M3 Advisory Group LLC now owns 3,557 shares of the technology company’s stock valued at $491,000 after acquiring an additional 117 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in Dell Technologies by 0.6% during the second quarter. Gulf International Bank UK Ltd now owns 21,297 shares of the technology company’s stock worth $2,937,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 2,837,829 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the completion of the sale, the chief executive officer now owns 20,412,241 shares in the company, valued at $2,730,137,233.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Michael S. Dell sold 2,837,829 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $133.75, for a total value of $379,559,628.75. Following the transaction, the chief executive officer now owns 20,412,241 shares of the company’s stock, valued at $2,730,137,233.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David W. Dorman sold 75,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the sale, the director now directly owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,417,822 shares of company stock valued at $822,731,096. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Dell Technologies stock opened at $106.64 on Wednesday. The company has a market capitalization of $75.64 billion, a P/E ratio of 21.76, a PEG ratio of 1.08 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70. The stock has a 50-day simple moving average of $115.76 and a 200-day simple moving average of $123.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 182.71% and a net margin of 4.32%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. As a group, analysts forecast that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. UBS Group lowered their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Susquehanna began coverage on shares of Dell Technologies in a research note on Tuesday. They issued a “neutral” rating and a $120.00 price target for the company. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Loop Capital boosted their target price on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, Bank of America increased their price target on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $135.75.

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).