748,237 Shares in Dell Technologies Inc. (NYSE:DELL) Bought by Nuveen LLC

Key Points

• Nuveen LLC has purchased 748,237 shares of Dell Technologies stock, totaling approximately $68.2 million, bringing its ownership to 0.11% of the company.
• Dell Technologies reported a quarterly EPS of $1.55, which fell short of analysts' expectations, while its revenue grew by 5.1% year-over-year.
• The company has a current average rating of "Moderate Buy" from analysts, with a price target set at $141.82.

Nuveen LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 748,237 shares of the technology company's stock, valued at approximately $68,202,000. Nuveen LLC owned 0.11% of Dell Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DELL. Brighton Jones LLC lifted its stake in Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after acquiring an additional 901 shares during the period. Townsquare Capital LLC raised its holdings in Dell Technologies by 21.0% in the fourth quarter. Townsquare Capital LLC now owns 5,689 shares of the technology company's stock worth $656,000 after purchasing an additional 989 shares in the last quarter. Mariner LLC raised its holdings in Dell Technologies by 10.0% in the fourth quarter. Mariner LLC now owns 83,209 shares of the technology company's stock worth $9,580,000 after purchasing an additional 7,587 shares in the last quarter. CreativeOne Wealth LLC bought a new position in Dell Technologies in the fourth quarter worth $202,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in Dell Technologies in the fourth quarter worth $519,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DELL. KeyCorp initiated coverage on Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. Wall Street Zen downgraded Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. Susquehanna restated a "neutral" rating and set a $125.00 price target on shares of Dell Technologies in a report on Wednesday. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Finally, TD Cowen increased their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $141.82.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $139.33 on Thursday. The stock has a market cap of $94.58 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 0.99 and a beta of 1.02. The stock has a 50 day moving average price of $124.76 and a 200-day moving average price of $108.18. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last announced 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 company had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same quarter last year, the firm posted $1.27 EPS. Dell Technologies's revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.5%. Dell Technologies's payout ratio is presently 33.49%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $112.83, for a total value of $59,482,509.21. Following the completion of the sale, the director directly owned 938,741 shares in the company, valued at approximately $105,918,147.03. This represents a 35.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value 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 $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,989,063 shares of company stock worth $1,583,673,412 over the last quarter. 42.00% of the stock is owned by insiders.

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).

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