Dell Technologies Inc. (NYSE:DELL) Shares Purchased by ACR Alpine Capital Research LLC

ACR Alpine Capital Research LLC raised its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 18.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,642 shares of the technology company's stock after acquiring an additional 16,246 shares during the quarter. Dell Technologies makes up 0.2% of ACR Alpine Capital Research LLC's portfolio, making the stock its 18th biggest holding. ACR Alpine Capital Research LLC's holdings in Dell Technologies were worth $9,720,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Dell Technologies during the 4th quarter valued at $455,029,000. Vanguard Group Inc. raised its position 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 worth $3,222,175,000 after buying an additional 2,662,407 shares during the period. Michael & Susan Dell Foundation purchased a new position in shares of Dell Technologies in the 4th quarter worth $265,052,000. Janus Henderson Group PLC grew its position in Dell Technologies by 160.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after acquiring an additional 1,865,013 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Dell Technologies by 224.4% during the fourth quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock valued at $180,257,000 after acquiring an additional 1,082,087 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $127.56, for a total transaction of $76,536,000.00. Following the completion of the transaction, the director directly owned 980,295 shares of the company's stock, valued at $125,046,430.20. The trade was a 37.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 6,086 shares of the business's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $123.50, for a total transaction of $751,621.00. Following the transaction, the director directly owned 986,261 shares of the company's stock, valued at $121,803,233.50. The trade was a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,917,063 shares of company stock worth $1,573,509,812. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Stock Performance

Shares of NYSE DELL traded up $1.05 during midday trading on Thursday, hitting $128.27. The company's stock had a trading volume of 3,772,470 shares, compared to its average volume of 4,935,243. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The firm's fifty day moving average price is $118.84 and its 200-day moving average price is $106.22. The firm has a market cap of $87.07 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.03 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $1.27 earnings per share. As a group, research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.

Analysts Set New Price Targets

A number of research firms have issued reports on DELL. Raymond James Financial boosted their price target on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. UBS Group lowered their price target on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. JPMorgan Chase & Co. increased their target price on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Mizuho increased their target price on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Finally, Citigroup increased their target price on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research note 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.06.

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).