American Alpha Advisors LLC Acquires 2,500 Shares of Dell Technologies Inc. (NYSE:DELL)

Key Points

• American Alpha Advisors LLC increased its stake in Dell Technologies by 100%, owning 5,000 shares worth $456,000.
• Dell reported a quarterly revenue of $23.38 billion, exceeding analyst estimates, although it missed EPS expectations with $1.55, falling short of the consensus of $1.68.
• The company declared a quarterly dividend of $0.525, resulting in an annual yield of 1.5% and a payout ratio of 33.49%.

American Alpha Advisors LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 100.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the technology company's stock after acquiring an additional 2,500 shares during the period. American Alpha Advisors LLC's holdings in Dell Technologies were worth $456,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after buying an additional 1,145,658 shares during the period. Capital World Investors raised its holdings in Dell Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after buying an additional 72,271 shares during the period. Deutsche Bank AG raised its holdings in Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after buying an additional 1,142,012 shares during the period. Northern Trust Corp raised its holdings in Dell Technologies by 16.1% in the fourth quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock valued at $382,281,000 after buying an additional 460,483 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Dell Technologies by 160.5% in 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 buying an additional 1,865,013 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Dell Technologies news, CAO Brunilda Rios sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.29, for a total transaction of $757,740.00. Following the completion of the sale, the chief accounting officer owned 18,948 shares of the company's stock, valued at $2,392,942.92. This represents a 24.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,947,063 shares of company stock valued at $1,577,559,812. Insiders own 42.00% of the company's stock.

Dell Technologies Stock Up 0.5%

Shares of DELL traded up $0.69 during trading hours on Monday, reaching $138.30. The company's stock had a trading volume of 4,397,526 shares, compared to its average volume of 4,972,846. The firm has a market cap of $93.88 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 0.97 and a beta of 1.02. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The company has a 50 day moving average of $123.63 and a two-hundred day moving average of $107.73.

Dell Technologies (NYSE:DELL - Get Free Report) last announced 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 firm had revenue of $23.38 billion during 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%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.27 EPS. As a group, analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Raymond James Financial lifted their price objective 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. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. TD Cowen lifted their price target on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Citigroup lifted their price objective on shares of Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday. Finally, UBS Group decreased their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

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).