Mather Group LLC. Acquires 554 Shares of Dell Technologies Inc. (NYSE:DELL)

Mather Group LLC. raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 113.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,043 shares of the technology company’s stock after purchasing an additional 554 shares during the quarter. Mather Group LLC.’s holdings in Dell Technologies were worth $95,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth $25,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Dell Technologies during the first quarter valued at $25,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies during the fourth quarter valued at $26,000. Crowley Wealth Management Inc. increased its stake in shares of Dell Technologies by 86.2% during the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company’s stock valued at $30,000 after buying an additional 150 shares during the period. Finally, McIlrath & Eck LLC increased its stake in shares of Dell Technologies by 155.8% during the fourth quarter. McIlrath & Eck LLC now owns 330 shares of the technology company’s stock valued at $38,000 after buying an additional 201 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Lake Group L.L.C. Silver sold 10,681 shares of Dell Technologies stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the completion of the sale, the director owned 938,741 shares of the company’s stock, valued at $112,958,704.53. The trade was a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the sale, the chief executive officer directly owned 25,912,241 shares of the company’s stock, valued at $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,113,977 shares of company stock valued at $1,471,321,229. 42.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Raymond James Financial raised their price target on Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. KeyCorp assumed coverage on Dell Technologies in a research note on Thursday, June 26th. They set a “sector weight” rating on the stock. Barclays raised their price target on Dell Technologies from $116.00 to $123.00 and gave the company an “equal weight” rating in a research note on Friday, May 30th. Wall Street Zen upgraded Dell Technologies from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Mizuho raised their price target on Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $138.00.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $125.05 on Friday. The company has a market cap of $84.89 billion, a PE ratio of 19.94, a P/E/G ratio of 1.15 and a beta of 1.02. The business has a 50-day simple moving average of $110.96 and a two-hundred day simple moving average of $105.27. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $150.23.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. Dell Technologies’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.27 EPS. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies’s dividend payout ratio (DPR) is 33.49%.

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).