Alterna Wealth Management Inc. Takes $213,000 Position in Dell Technologies Inc. (NYSE:DELL)

Alterna Wealth Management Inc. purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,334 shares of the technology company's stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DELL. Vanguard Group Inc. boosted its holdings in shares of Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after buying an additional 2,662,407 shares during the period. Capital World Investors boosted its holdings in shares of Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after buying an additional 72,271 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after buying an additional 552,213 shares during the period. Norges Bank acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $455,029,000. Finally, Northern Trust Corp boosted its holdings in shares of Dell Technologies by 16.1% in the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock valued at $382,281,000 after buying an additional 460,483 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insiders Place Their Bets

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

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $1.57 during trading on Friday, reaching $125.05. The company had a trading volume of 3,725,609 shares, compared to its average volume of 8,723,750. The firm's fifty day moving average is $110.96 and its 200 day moving average is $105.27. The firm has a market capitalization of $84.89 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.02. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $150.23.

Dell Technologies (NYSE:DELL - Get Free Report) last released its 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 the consensus estimate of $23.17 billion. During the same quarter in the previous year, the firm earned $1.27 earnings per share. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm 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 $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 1.68%. Dell Technologies's payout ratio is currently 33.49%.

Analysts Set New Price Targets

DELL has been the subject of several research reports. KeyCorp initiated coverage on shares of Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. Citigroup lifted their price target on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a report on Friday, May 30th. TD Cowen lifted their price target on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a report on Friday, May 30th. Morgan Stanley boosted their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Finally, Raymond James Financial boosted their target price 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. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

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).