Atria Investments LLC Has $1.08 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Atria Investments LLC raised its holdings in shares of Dell Technologies Inc. (NYSE:DELLGet Rating) by 4.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,499 shares of the technology company’s stock after purchasing an additional 818 shares during the quarter. Atria Investments LLC’s holdings in Dell Technologies were worth $1,079,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Allegheny Financial Group LTD acquired a new stake in shares of Dell Technologies during the fourth quarter worth $25,000. Benjamin Edwards Inc. acquired a new stake in shares of Dell Technologies during the fourth quarter worth $26,000. Covestor Ltd acquired a new stake in shares of Dell Technologies during the fourth quarter worth $31,000. Avondale Wealth Management acquired a new stake in shares of Dell Technologies during the first quarter worth $31,000. Finally, Capital Analysts LLC lifted its holdings in shares of Dell Technologies by 353.1% during the fourth quarter. Capital Analysts LLC now owns 648 shares of the technology company’s stock worth $36,000 after buying an additional 505 shares in the last quarter. Institutional investors and hedge funds own 30.05% of the company’s stock.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 5,969 shares of Dell Technologies stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $50.95, for a total value of $304,120.55. Following the transaction, the chief accounting officer now directly owns 18,985 shares of the company’s stock, valued at $967,285.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 47.30% of the stock is owned by insiders.

Dell Technologies Stock Performance

Shares of DELL stock opened at $44.29 on Thursday. The business’s 50-day moving average price is $45.98 and its 200-day moving average price is $50.26. The company has a current ratio of 0.78, a quick ratio of 0.66 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $32.75 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 0.61 and a beta of 0.89. Dell Technologies Inc. has a 12 month low of $38.33 and a 12 month high of $61.54.

Dell Technologies (NYSE:DELLGet Rating) last posted its quarterly earnings data on Thursday, May 26th. The technology company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.52. The company had revenue of $26.12 billion for the quarter, compared to analyst estimates of $25.23 billion. Dell Technologies had a return on equity of 126.94% and a net margin of 5.29%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 earnings per share. Equities research analysts forecast that Dell Technologies Inc. will post 5.99 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Wednesday, July 20th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Tuesday, July 19th. Dell Technologies’s dividend payout ratio is currently 18.11%.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Dell Technologies from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. Raymond James decreased their price target on Dell Technologies from $58.00 to $54.00 in a research report on Tuesday, July 19th. Morgan Stanley decreased their price target on Dell Technologies from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Friday, May 27th. Citigroup decreased their price target on Dell Technologies from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, May 23rd. Finally, The Goldman Sachs Group cut Dell Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $68.00 to $61.00 in a research report on Friday, April 1st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.15.

Dell Technologies Profile

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Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.

Further Reading

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

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