Assetmark Inc. Raises Stake in Dell Technologies Inc. (NYSE:DELL)

Assetmark Inc. increased its stake in Dell Technologies Inc. (NYSE:DELL) by 63.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 406 shares of the technology company’s stock after buying an additional 158 shares during the quarter. Assetmark Inc.’s holdings in Dell Technologies were worth $37,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DELL. Brighton Jones LLC lifted its holdings in Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after purchasing an additional 901 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Dell Technologies by 6.3% in the fourth quarter. American Century Companies Inc. now owns 26,199 shares of the technology company’s stock worth $3,019,000 after buying an additional 1,555 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Dell Technologies by 80.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 4,195 shares of the technology company’s stock worth $483,000 after buying an additional 1,876 shares in the last quarter. World Investment Advisors purchased a new stake in shares of Dell Technologies in the fourth quarter worth about $354,000. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Dell Technologies in the fourth quarter worth about $1,829,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the firm’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the completion of the transaction, the director directly owned 960,050 shares in the company, valued at $121,158,310. This trade represents a 39.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the sale, the general counsel owned 79,928 shares of the company’s stock, valued at $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,947,063 shares of company stock valued at $1,577,559,812. Company insiders own 42.00% of the company’s stock.

Dell Technologies Stock Performance

NYSE:DELL opened at $130.21 on Tuesday. The firm has a market cap of $88.39 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.02. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The business has a 50 day moving average price of $121.47 and a 200-day moving average price of $107.00.

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

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.6%. Dell Technologies’s dividend payout ratio (DPR) is currently 33.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. KeyCorp assumed coverage on shares of Dell Technologies in a report on Thursday, June 26th. They issued a “sector weight” rating on the stock. Barclays increased their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an “equal weight” rating in a report on Friday, May 30th. Raymond James Financial upped their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, May 30th. Finally, Wall Street Zen cut shares of Dell Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 14th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $140.06.

Dell Technologies Company 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).