Private Advisor Group LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,029 shares of the technology company’s stock, valued at approximately $524,000.
A number of other hedge funds have also recently added to or reduced their stakes in DELL. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Dell Technologies by 17.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,076 shares of the technology company’s stock valued at $706,000 after acquiring an additional 2,117 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of Dell Technologies during the first quarter worth about $304,000. MetLife Investment Management LLC acquired a new position in shares of Dell Technologies in the first quarter valued at approximately $568,000. Rhumbline Advisers raised its holdings in Dell Technologies by 2.0% in the 1st quarter. Rhumbline Advisers now owns 254,266 shares of the technology company’s stock valued at $12,762,000 after buying an additional 4,949 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its position in Dell Technologies by 5.2% during the 1st quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock worth $306,000 after buying an additional 302 shares during the period. Institutional investors and hedge funds own 38.10% of the company’s stock.
Analyst Ratings Changes
DELL has been the topic of a number of research reports. Sanford C. Bernstein boosted their target price on shares of Dell Technologies from $60.00 to $70.00 in a report on Friday. Barclays boosted their target price on shares of Dell Technologies from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Friday. The Goldman Sachs Group boosted their target price on shares of Dell Technologies from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday. Finally, TD Cowen boosted their target price on shares of Dell Technologies from $45.00 to $58.00 and gave the stock a “market perform” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $64.07.
Dell Technologies Stock Up 21.2 %
Dell Technologies stock opened at $68.14 on Friday. Dell Technologies Inc. has a 12-month low of $32.90 and a 12-month high of $70.28. The firm’s fifty day moving average is $54.94 and its 200 day moving average is $47.38. The company has a market capitalization of $49.55 billion, a PE ratio of 25.81, a PEG ratio of 1.04 and a beta of 1.05.
Dell Technologies (NYSE:DELL – Get Free Report) last released its earnings results on Thursday, June 1st. The technology company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.45. Dell Technologies had a net margin of 2.01% and a negative return on equity of 149.49%. The company had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.27 billion. During the same quarter in the previous year, the company earned $1.64 EPS. Dell Technologies’s quarterly revenue was down 19.9% compared to the same quarter last year. Sell-side analysts expect that Dell Technologies Inc. will post 4.6 EPS for the current fiscal year.
Dell Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Tuesday, July 25th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, July 24th. This represents a $1.48 annualized dividend and a yield of 2.17%. Dell Technologies’s payout ratio is 56.06%.
Insiders Place Their Bets
In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 3,529,000 shares of the company’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $55.36, for a total transaction of $195,365,440.00. Following the transaction, the director now owns 135,124 shares in the company, valued at $7,480,464.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CMO Allison Dew sold 329,038 shares of the stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $55.24, for a total value of $18,176,059.12. Following the completion of the sale, the chief marketing officer now owns 98,354 shares in the company, valued at $5,433,074.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 3,529,000 shares of the stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $55.36, for a total transaction of $195,365,440.00. Following the completion of the sale, the director now owns 135,124 shares of the company’s stock, valued at approximately $7,480,464.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,965,841 shares of company stock worth $219,485,757. Insiders own 48.60% of the company’s stock.
Dell Technologies Profile
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).
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