18,405 Shares in Dell Technologies Inc. (NYSE:DELL) Bought by Greater Midwest Financial Group LLC

Greater Midwest Financial Group LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 18,405 shares of the technology company's stock, valued at approximately $1,678,000. Dell Technologies makes up 1.2% of Greater Midwest Financial Group LLC's portfolio, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Capital Wealth Advisors increased its holdings in shares of Dell Technologies by 5.9% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock valued at $207,000 after purchasing an additional 100 shares during the period. HBK Sorce Advisory LLC increased its position in Dell Technologies by 6.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company's stock worth $230,000 after purchasing an additional 118 shares during the period. Greenleaf Trust increased its position in Dell Technologies by 1.4% during the 1st quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock worth $927,000 after purchasing an additional 136 shares during the period. First Horizon Advisors Inc. increased its position in Dell Technologies by 32.9% during the 1st quarter. First Horizon Advisors Inc. now owns 586 shares of the technology company's stock worth $53,000 after purchasing an additional 145 shares during the period. Finally, True Vision MN LLC grew its position in Dell Technologies by 2.6% during the first quarter. True Vision MN LLC now owns 5,817 shares of the technology company's stock worth $530,000 after buying an additional 145 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Up 1.1%

DELL opened at $127.97 on Friday. The company has a fifty day simple moving average of $113.61 and a 200 day simple moving average of $105.63. The firm has a market cap of $86.87 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.17 and a beta of 1.02. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share 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 company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same period in the previous year, the business posted $1.27 EPS. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts forecast 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. 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 annualized dividend and a dividend yield of 1.64%. Dell Technologies's payout ratio is 33.49%.

Analyst Upgrades and Downgrades

DELL has been the topic of several recent analyst reports. KeyCorp assumed coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Raymond James Financial increased their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. TD Cowen increased their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Finally, UBS Group decreased their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Insider Buying and Selling

In other news, General Counsel Richard J. Rothberg sold 70,165 shares of the stock in a transaction on 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 transaction, the general counsel owned 79,928 shares of the company's stock, valued at approximately $8,697,764.96. This represents a 46.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William F. Scannell sold 91,230 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value of $10,803,456.60. Following the completion of the transaction, the insider directly owned 56,429 shares of the company's stock, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,113,977 shares of company stock worth $1,471,321,229. 42.00% of the stock is currently owned by 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).

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.