Bridgefront Capital LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Bridgefront Capital LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,414 shares of the technology company’s stock, valued at approximately $440,000.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp purchased a new stake in shares of Dell Technologies during the first quarter worth $27,000. JTC Employer Solutions Trusteee Ltd purchased a new stake in shares of Dell Technologies in the second quarter valued at about $29,000. Highlander Capital Management LLC grew its holdings in shares of Dell Technologies by 3,000.0% in the second quarter. Highlander Capital Management LLC now owns 310 shares of the technology company’s stock valued at $31,000 after purchasing an additional 300 shares during the period. Bessemer Group Inc. grew its holdings in shares of Dell Technologies by 172.3% in the first quarter. Bessemer Group Inc. now owns 580 shares of the technology company’s stock valued at $51,000 after purchasing an additional 367 shares during the period. Finally, Deseret Mutual Benefit Administrators purchased a new stake in shares of Dell Technologies in the second quarter valued at about $59,000. 30.04% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on DELL. UBS Group increased their target price on shares of Dell Technologies from $113.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, August 27th. Barclays increased their target price on shares of Dell Technologies from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, May 28th. Cowen increased their target price on shares of Dell Technologies from $98.00 to $101.00 and gave the stock an “outperform” rating in a research note on Friday, August 27th. Morgan Stanley reduced their price target on shares of Dell Technologies from $133.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Dell Technologies from a “buy” rating to a “hold” rating in a research report on Friday, August 27th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $106.47.

Shares of Dell Technologies stock opened at $103.88 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 3.74. The firm has a market capitalization of $79.48 billion, a P/E ratio of 21.51, a P/E/G ratio of 0.99 and a beta of 0.99. The firm’s 50 day moving average is $98.14 and its two-hundred day moving average is $97.15. Dell Technologies Inc. has a 52 week low of $58.88 and a 52 week high of $105.23.

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

In other Dell Technologies news, CFO Thomas W. Sweet sold 200,000 shares of the firm’s stock in a transaction on Monday, July 26th. The stock was sold at an average price of $96.56, for a total value of $19,312,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas W. Sweet sold 281,818 shares of the firm’s stock in a transaction on Friday, September 10th. The shares were sold at an average price of $95.43, for a total value of $26,893,891.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,958,955 shares of company stock worth $193,691,190. Insiders own 47.00% of the company’s stock.

About Dell Technologies

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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