12,000 Shares in Dell Technologies Inc. (NYSE:DELL) Bought by Solidarity Wealth LLC

Key Points

• Solidarity Wealth LLC purchased a new 12,000-share position in Dell Technologies Inc. valued at approximately $1,094,000 in the first quarter.
• Analysts have rated Dell Technologies with 16 buy ratings and a current average target price of $140.06, showing positive market sentiment.
• Dell recently declared a quarterly dividend of $0.525 per share, translating to an annualized dividend yield of 1.60%.

Solidarity Wealth LLC bought a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 12,000 shares of the technology company's stock, valued at approximately $1,094,000.

Several other hedge funds also recently bought and sold shares of DELL. Michael & Susan Dell Foundation purchased a new stake in Dell Technologies in the 4th quarter worth $265,052,000. Janus Henderson Group PLC lifted its stake in Dell Technologies by 160.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after purchasing an additional 1,865,013 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Dell Technologies by 224.4% in the 4th quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock worth $180,257,000 after purchasing an additional 1,082,087 shares in the last quarter. Auto Owners Insurance Co lifted its stake in Dell Technologies by 18,732.9% in the 1st quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company's stock worth $71,188,000 after purchasing an additional 776,853 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Dell Technologies by 362.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 807,576 shares of the technology company's stock worth $93,065,000 after purchasing an additional 632,941 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

DELL has been the topic of several research analyst reports. Raymond James Financial boosted their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. KeyCorp initiated coverage on shares of Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating on the stock. UBS Group reduced their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $140.06.

Dell Technologies Stock Up 2.2%

NYSE:DELL opened at $131.20 on Monday. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66. The firm has a 50 day moving average of $119.18 and a 200 day moving average of $106.10. The stock has a market capitalization of $89.06 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.06 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The company had revenue of $23.38 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. As a group, analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued 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 1.60%. Dell Technologies's dividend payout ratio is currently 33.49%.

Insider Transactions at Dell Technologies

In other news, Director William D. Green sold 20,000 shares of the stock in a transaction on Friday, July 18th. The shares were sold at an average price of $130.00, for a total value of $2,600,000.00. Following the sale, the director owned 45,045 shares in the company, valued at $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 is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $127.56, for a total transaction of $76,536,000.00. Following the completion of the sale, the director owned 980,295 shares in the company, valued at $125,046,430.20. The trade was a 37.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,917,063 shares of company stock valued at $1,573,509,812. 42.00% of the stock is owned by corporate insiders.

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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