IFP Advisors Inc Raises Stock Position in Dell Technologies Inc. (NYSE:DELL)

IFP Advisors Inc boosted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 61.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,521 shares of the technology company’s stock after acquiring an additional 2,867 shares during the period. IFP Advisors Inc’s holdings in Dell Technologies were worth $686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new position in shares of Dell Technologies during the fourth quarter worth about $25,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Dell Technologies in the first quarter valued at approximately $25,000. Cullen Frost Bankers Inc. grew its stake in shares of Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock worth $28,000 after acquiring an additional 222 shares during the last quarter. Crowley Wealth Management Inc. grew its stake in shares of Dell Technologies by 86.2% in the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company’s stock worth $30,000 after acquiring an additional 150 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in Dell Technologies during the first quarter worth $32,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Bank of America lifted their price target on Dell Technologies from $155.00 to $165.00 and gave the company a “buy” rating in a report on Friday, July 18th. Barclays boosted their price objective on Dell Technologies from $116.00 to $123.00 and gave the stock an “equal weight” rating in a report on Friday, May 30th. Mizuho boosted their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. Finally, Wall Street Zen cut Dell Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $140.06.

Insider Activity at Dell Technologies

In related news, Director William D. Green sold 20,000 shares of the company’s stock in a transaction on Friday, July 18th. The stock was sold at an average price of $130.00, for a total transaction of $2,600,000.00. Following the completion of the sale, the director owned 45,045 shares in the company, valued at approximately $5,855,850. This represents a 30.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 6,086 shares of the company’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $123.50, for a total value of $751,621.00. Following the completion of the sale, the director owned 986,261 shares of the company’s stock, valued at approximately $121,803,233.50. The trade was a 0.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,917,063 shares of company stock valued at $1,573,509,812 over the last ninety days. Insiders own 42.00% of the company’s stock.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $128.27 on Friday. The stock has a market capitalization of $87.07 billion, a P/E ratio of 20.46, a PEG ratio of 1.03 and a beta of 1.02. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66. The stock’s fifty day moving average is $118.84 and its 200 day moving average is $106.22.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 EPS. Equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be given a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.64%. Dell Technologies’s dividend payout ratio is currently 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).