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Atlas Capital Advisors Inc. Sells 3,576 Shares of Dell Technologies Inc. (NYSE:DELL)

Dell Technologies logo with Computer and Technology background

Key Points

  • Atlas Capital Advisors Inc. reduced its stake in Dell Technologies by 20.6% during the first quarter, holding 13,805 shares now valued at approximately $1.26 million.
  • Multiple large investors, including Michael & Susan Dell Foundation and Deutsche Bank AG, have significantly increased their stakes in Dell Technologies in recent quarters, reflecting strong institutional interest.
  • Analysts have maintained a generally positive outlook on Dell Technologies, with an average rating of "Moderate Buy" and a consensus price target of $140.06, despite a recent EPS miss.
  • Looking to Export and Analyze Dell Technologies Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Atlas Capital Advisors Inc. lowered its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 20.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,805 shares of the technology company's stock after selling 3,576 shares during the quarter. Atlas Capital Advisors Inc.'s holdings in Dell Technologies were worth $1,258,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after purchasing an additional 901 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Dell Technologies by 5.0% in the 4th quarter. Russell Investments Group Ltd. now owns 134,841 shares of the technology company's stock valued at $15,538,000 after purchasing an additional 6,377 shares during the period. Invesco Ltd. boosted its position in shares of Dell Technologies by 2.4% in the 4th quarter. Invesco Ltd. now owns 2,450,065 shares of the technology company's stock valued at $282,346,000 after purchasing an additional 57,681 shares during the period. Bank of Nova Scotia boosted its position in shares of Dell Technologies by 52.4% in the 4th quarter. Bank of Nova Scotia now owns 65,123 shares of the technology company's stock valued at $7,505,000 after purchasing an additional 22,391 shares during the period. Finally, Advisory Services Network LLC boosted its position in shares of Dell Technologies by 22.8% in the 4th quarter. Advisory Services Network LLC now owns 23,585 shares of the technology company's stock valued at $2,718,000 after purchasing an additional 4,382 shares during the period. Institutional investors own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DELL. TD Cowen increased their price target on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Barclays increased their price target 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. Morgan Stanley increased their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Mizuho increased their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Finally, Bank of America increased their price objective on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.06.

Get Our Latest Stock Report on DELL

Dell Technologies Price Performance

Shares of DELL stock traded up $3.80 during trading on Friday, reaching $137.73. The company had a trading volume of 5,456,405 shares, compared to its average volume of 4,877,929. The firm's 50 day simple moving average is $123.02 and its two-hundred day simple moving average is $107.55. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66. The company 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). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the previous year, the business posted $1.27 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. Analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend 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%.

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the firm's stock in a transaction that occurred on 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 sale, the director owned 960,050 shares of the company's stock, valued at $121,158,310. This trade represents a 39.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the firm'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 completion of the sale, the director directly owned 938,741 shares in the company, valued at $105,918,147.03. This trade represents a 35.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,947,063 shares of company stock worth $1,577,559,812 in the last three months. 42.00% of the stock is owned by insiders.

Dell Technologies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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