Quantitative Systematic Strategies LLC Has $550,000 Position in Dell Technologies Inc. (NYSE:DELL)

Quantitative Systematic Strategies LLC lowered its position in Dell Technologies Inc. (NYSE:DELL) by 43.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 5,523 shares of the technology company’s stock after selling 4,222 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Dell Technologies were worth $550,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DELL. Van ECK Associates Corp acquired a new position in Dell Technologies in the first quarter worth approximately $27,000. JTC Employer Solutions Trusteee Ltd bought a new stake in Dell Technologies during the second quarter worth approximately $29,000. Highlander Capital Management LLC boosted its position in Dell Technologies by 3,000.0% during the second quarter. Highlander Capital Management LLC now owns 310 shares of the technology company’s stock worth $31,000 after purchasing an additional 300 shares during the period. Bessemer Group Inc. boosted its position in Dell Technologies by 172.3% during the first quarter. Bessemer Group Inc. now owns 580 shares of the technology company’s stock worth $51,000 after purchasing an additional 367 shares during the period. Finally, Deseret Mutual Benefit Administrators bought a new stake in Dell Technologies during the second quarter worth approximately $59,000. Hedge funds and other institutional investors own 30.04% of the company’s stock.

In other Dell Technologies news, CFO Thomas W. Sweet sold 281,818 shares of the stock in a transaction on Friday, September 10th. The stock was sold at an average price of $95.43, for a total transaction of $26,893,891.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Richard J. Rothberg sold 6,099 shares of the stock in a transaction on Thursday, September 2nd. The stock was sold at an average price of $97.03, for a total value of $591,785.97. The disclosure for this sale can be found here. Insiders sold 3,406,727 shares of company stock valued at $337,831,370 over the last 90 days. 47.00% of the stock is currently owned by corporate insiders.

A number of brokerages have issued reports on DELL. Zacks Investment Research cut Dell Technologies from a “buy” rating to a “hold” rating in a research report on Friday, August 27th. The Goldman Sachs Group raised Dell Technologies from a “buy” rating to a “conviction-buy” rating in a research report on Monday, September 13th. Barclays upped their target price on Dell Technologies from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, May 28th. Citigroup started coverage on Dell Technologies in a research report on Friday, September 17th. They issued a “buy” rating for the company. Finally, OTR Global raised Dell Technologies from a “mixed” rating to a “positive” rating in a research report on Thursday, August 5th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $106.53.

Shares of NYSE DELL opened at $99.34 on Wednesday. The business has a fifty day simple moving average of $97.61 and a 200 day simple moving average of $96.96. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 3.74. The firm has a market capitalization of $76.01 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 0.99 and a beta of 0.99. Dell Technologies Inc. has a one year low of $58.88 and a one year high of $104.62.

Dell Technologies (NYSE:DELL) last issued its earnings results on Wednesday, August 25th. The technology company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.21. The business had revenue of $26.12 billion during the quarter, compared to analyst estimates of $25.55 billion. Dell Technologies had a return on equity of 88.70% and a net margin of 3.77%. Dell Technologies’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.92 earnings per share. On average, research analysts anticipate that Dell Technologies Inc. will post 8.51 earnings per share for the current fiscal year.

Dell Technologies Profile

Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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