8,292 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC acquired 8,292 shares of Dell Technologies, valued at approximately $756,000, during the first quarter.
• Institutional investors collectively own 76.37% of Dell Technologies' stock, indicating strong institutional interest in the company.
• Despite reporting earnings of $1.55 per share, Dell Technologies missed analysts' expectations, which leads to a consensus target price of $140.06 for the stock.

Fiduciary Family Office LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,292 shares of the technology company's stock, valued at approximately $756,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DELL. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth about $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies in the first quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new position in Dell Technologies during the 1st quarter valued at $26,000. Cheviot Value Management LLC acquired a new position in Dell Technologies during the 1st quarter worth $27,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DELL. Wall Street Zen cut Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Bank of America boosted their price target on Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a report on Friday, July 18th. Citigroup raised their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Finally, Raymond James Financial increased their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $140.06.

Dell Technologies Trading Up 2.8%

DELL traded up $3.80 during trading hours on Friday, hitting $137.73. The company's stock had a trading volume of 5,456,405 shares, compared to its average volume of 4,877,929. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The company has a 50-day simple moving average of $123.02 and a 200 day simple moving average of $107.55. The firm has a market capitalization of $93.50 billion, a PE ratio of 21.97, a PEG ratio of 0.97 and a beta of 1.02.

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 analysts' consensus estimates of $1.68 by ($0.13). The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. Dell Technologies's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.27 earnings per share. Research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21. Following the sale, the director directly owned 938,741 shares in the company, valued at $105,918,147.03. The trade was a 35.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the completion of the transaction, the director owned 960,050 shares in the company, valued at approximately $121,158,310. This trade represents a 39.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,947,063 shares of company stock worth $1,577,559,812 in the last quarter. 42.00% of the stock is currently owned by corporate insiders.

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).