Avantax Advisory Services Inc. Boosts Position in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Avantax Advisory Services Inc. significantly increased its holdings in Dell Technologies by 94.9%, acquiring an additional 11,982 shares during Q1, bringing its total to 24,610 shares valued at approximately $2.24 million.
• Institutional investors currently own 76.37% of Dell Technologies' stock, with notable increases in holdings seen from various funds, including Ameriprise Financial and Janus Henderson Group.
• CEO Michael S. Dell sold 10 million shares valued at over $1.22 billion, resulting in a 27.85% reduction in his ownership of the company.

Avantax Advisory Services Inc. boosted its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 94.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,610 shares of the technology company's stock after purchasing an additional 11,982 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Dell Technologies were worth $2,243,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Capital Wealth Advisors raised its holdings in shares of Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock valued at $207,000 after buying an additional 100 shares in the last quarter. OneAscent Financial Services LLC raised its holdings in shares of Dell Technologies by 3.4% during the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock valued at $345,000 after buying an additional 125 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Dell Technologies by 1.4% during the 1st quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock valued at $927,000 after buying an additional 136 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Dell Technologies by 32.9% during the 1st quarter. First Horizon Advisors Inc. now owns 586 shares of the technology company's stock valued at $53,000 after buying an additional 145 shares in the last quarter. Finally, True Vision MN LLC raised its holdings in shares of Dell Technologies by 2.6% during the 1st quarter. True Vision MN LLC now owns 5,817 shares of the technology company's stock valued at $530,000 after buying an additional 145 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of the business'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 transaction, the chief executive officer owned 25,912,241 shares in the company, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value of $10,803,456.60. Following the completion of the transaction, the insider owned 56,429 shares of the company's stock, valued at $6,682,322.18. This represents a 61.78% 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 Trading Down 0.6%

Dell Technologies stock traded down $0.83 during mid-day trading on Thursday, hitting $132.71. The company had a trading volume of 3,858,859 shares, compared to its average volume of 4,457,491. The stock's 50 day moving average price is $120.81 and its two-hundred day moving average price is $106.77. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The company has a market capitalization of $90.09 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.08 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last released its 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). 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 the consensus estimate of $23.17 billion. During the same period last year, the firm posted $1.27 earnings per share. The company's revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. Dell Technologies's payout ratio is currently 33.49%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DELL shares. Mizuho lifted their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. 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 lifted their price target on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. UBS Group decreased their price target on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Finally, TD Cowen lifted their price target on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.06.

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).