Stratos Investment Management LLC Invests $330,000 in Dell Technologies Inc. (NYSE:DELL)

Stratos Investment Management LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 3,625 shares of the technology company's stock, valued at approximately $330,000.

A number of other large investors have also recently bought and sold shares of DELL. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies during the 4th quarter worth $25,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Dell Technologies during the 1st quarter worth $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies during the 4th quarter worth $26,000. Crowley Wealth Management Inc. lifted its stake in 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 purchasing an additional 150 shares during the last quarter. Finally, Olde Wealth Management LLC bought a new stake in Dell Technologies in the first quarter worth $32,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of NYSE DELL traded down $1.01 during mid-day trading on Friday, reaching $126.90. The company's stock had a trading volume of 3,558,127 shares, compared to its average volume of 8,617,334. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The stock has a 50-day moving average of $114.25 and a two-hundred day moving average of $105.59. The stock has a market capitalization of $86.15 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.17 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share 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 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% compared to the same quarter last year. During the same period last year, the business earned $1.27 EPS. Analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.65%. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total value of $78,875,000.00. Following the completion of the sale, the director directly owned 960,050 shares in the company, valued at approximately $121,158,310. The trade was a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 shares were 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 of the company's stock, valued at approximately $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 have sold 12,113,977 shares of company stock valued at $1,471,321,229. 42.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DELL. Citigroup upped their price objective on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Morgan Stanley boosted their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Barclays boosted their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Finally, UBS Group reduced their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

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).