3Chopt Investment Partners LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

3Chopt Investment Partners LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,470 shares of the technology company's stock, valued at approximately $316,000.

Several other large investors have also recently added to or reduced their stakes in DELL. Exchange Traded Concepts LLC increased its position in shares of Dell Technologies by 25.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after purchasing an additional 506 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Dell Technologies by 44.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after acquiring an additional 809 shares during the period. Jones Financial Companies Lllp raised its position in Dell Technologies by 79.4% in the fourth quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock worth $1,312,000 after acquiring an additional 5,040 shares in the last quarter. Geode Capital Management LLC lifted its holdings in 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 acquiring an additional 552,213 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Dell Technologies by 9.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock valued at $5,417,000 after purchasing an additional 4,977 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction dated Thursday, June 26th. The stock was 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 $121,158,310. This trade represents a 39.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lake Group L.L.C. Silver sold 10,681 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was 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 of the company's stock, valued at $112,958,704.53. This represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 Stock Down 1.1%

DELL stock traded down $1.36 during midday trading on Monday, hitting $122.63. 5,422,806 shares of the company traded hands, compared to its average volume of 8,807,317. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $150.23. The stock has a market capitalization of $83.25 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.14 and a beta of 1.01. The business has a 50 day simple moving average of $107.51 and a 200-day simple moving average of $104.96.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. Dell Technologies's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.27 earnings per share. Equities research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared 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 1.71%. Dell Technologies's dividend payout ratio is 33.49%.

Wall Street Analyst Weigh In

Several research firms recently commented on DELL. Raymond James Financial increased 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. Barclays increased their price objective on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. TD Cowen boosted 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 raised their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Finally, Mizuho increased their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

About Dell Technologies

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).