First Trust Direct Indexing L.P. Purchases 368 Shares of Dell Technologies Inc. (NYSE:DELL)

First Trust Direct Indexing L.P. lifted its holdings in Dell Technologies Inc. (NYSE:DELL) by 10.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,803 shares of the technology company’s stock after acquiring an additional 368 shares during the period. First Trust Direct Indexing L.P.’s holdings in Dell Technologies were worth $291,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Greenleaf Trust raised its holdings in Dell Technologies by 1.2% in the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after acquiring an additional 122 shares in the last quarter. ORG Partners LLC raised its stake in Dell Technologies by 19.0% during the fourth quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after acquiring an additional 140 shares in the last quarter. Signet Financial Management LLC lifted its stake in Dell Technologies by 0.4% in the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock valued at $3,083,000 after purchasing an additional 153 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Dell Technologies by 5.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,921 shares of the technology company’s stock valued at $270,000 after acquiring an additional 188 shares during the last quarter. Finally, Pinnacle Bancorp Inc. grew its position in Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after acquiring an additional 188 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Trading Down 1.4 %

Shares of DELL stock opened at $127.57 on Wednesday. The firm has a market capitalization of $91.06 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.58 and a beta of 0.87. The firm has a fifty day simple moving average of $117.92 and a two-hundred day simple moving average of $91.22. Dell Technologies Inc. has a 12 month low of $44.19 and a 12 month high of $136.16.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The business had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s quarterly revenue was down 10.9% on a year-over-year basis. On average, equities analysts predict that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.40%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, April 22nd. Dell Technologies’s payout ratio is currently 40.73%.

Insider Transactions at Dell Technologies

In related news, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the transaction, the general counsel now directly owns 86,836 shares in the company, valued at $11,544,846.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $134.37, for a total value of $5,716,771.65. Following the sale, the director now owns 535,816 shares of the company’s stock, valued at $71,997,595.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the sale, the general counsel now owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock worth $718,452,037 in the last quarter. 48.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DELL. JPMorgan Chase & Co. upped their price objective on Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Barclays increased their price objective on Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a report on Friday, March 1st. Morgan Stanley upped their price target on Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. TD Cowen upped their target price on Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, March 1st. Finally, Wells Fargo & Company boosted their price target on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $104.63.

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).