Atria Investments LLC Acquires 5,351 Shares of Dell Technologies Inc. (NYSE:DELL)

Atria Investments LLC lifted its holdings in Dell Technologies Inc. (NYSE:DELLGet Rating) by 24.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,850 shares of the technology company’s stock after buying an additional 5,351 shares during the period. Atria Investments LLC’s holdings in Dell Technologies were worth $1,241,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Dell Technologies by 0.8% during the 1st quarter. BlackRock Inc. now owns 20,537,671 shares of the technology company’s stock worth $1,030,788,000 after purchasing an additional 156,953 shares during the period. Vanguard Group Inc. boosted its stake in shares of Dell Technologies by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 17,498,328 shares of the technology company’s stock worth $878,241,000 after purchasing an additional 301,756 shares during the period. State Street Corp boosted its stake in shares of Dell Technologies by 2.0% during the 1st quarter. State Street Corp now owns 7,107,031 shares of the technology company’s stock worth $356,702,000 after purchasing an additional 138,821 shares during the period. LSV Asset Management boosted its stake in shares of Dell Technologies by 14.7% during the 1st quarter. LSV Asset Management now owns 5,761,053 shares of the technology company’s stock worth $289,147,000 after purchasing an additional 737,383 shares during the period. Finally, Lyrical Asset Management LP boosted its stake in shares of Dell Technologies by 2.0% during the 1st quarter. Lyrical Asset Management LP now owns 5,238,044 shares of the technology company’s stock worth $262,897,000 after purchasing an additional 100,912 shares during the period. 26.53% of the stock is currently owned by institutional investors.

Dell Technologies Stock Up 1.7 %

NYSE DELL opened at $44.61 on Thursday. The firm has a market cap of $32.70 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 0.60 and a beta of 0.92. The company has a 50 day moving average price of $37.60 and a 200 day moving average price of $42.39. Dell Technologies Inc. has a 52 week low of $32.90 and a 52 week high of $61.54.

Dell Technologies (NYSE:DELLGet Rating) last posted its quarterly earnings data on Monday, November 21st. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $1.59 by $0.71. The firm had revenue of $24.72 million during the quarter, compared to analyst estimates of $24.61 billion. Dell Technologies had a net margin of 1.74% and a negative return on equity of 235.07%. Dell Technologies’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.37 EPS. On average, equities research analysts anticipate that Dell Technologies Inc. will post 5.7 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Wednesday, October 19th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, October 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.96%. Dell Technologies’s payout ratio is 55.46%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 27,536 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $40.20, for a total transaction of $1,106,947.20. Following the transaction, the insider now owns 343,835 shares in the company, valued at approximately $13,822,167. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 47.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DELL shares. Citigroup dropped their price target on shares of Dell Technologies from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, November 18th. Bank of America dropped their price target on shares of Dell Technologies from $60.00 to $55.00 in a research note on Tuesday. Wells Fargo & Company lowered their price objective on shares of Dell Technologies from $58.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday. Jefferies Financial Group began coverage on shares of Dell Technologies in a research report on Monday, October 31st. They issued a “hold” rating and a $39.00 price objective for the company. Finally, UBS Group lowered their price objective on shares of Dell Technologies from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.38.

Dell Technologies Profile

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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).

Further Reading

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

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