Avantax Planning Partners Inc. Buys New Stake in Dell Technologies Inc. (NYSE:DELL)

Avantax Planning Partners Inc. bought a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,433 shares of the technology company's stock, valued at approximately $222,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in Dell Technologies in the fourth quarter worth $455,029,000. Vanguard Group Inc. lifted its holdings in Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. Michael & Susan Dell Foundation bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $265,052,000. Janus Henderson Group PLC grew its position in shares of Dell Technologies by 160.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after purchasing an additional 1,865,013 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Dell Technologies by 224.4% in the 4th 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 in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

Dell Technologies stock traded down $0.54 during mid-day trading on Monday, reaching $124.68. 4,068,993 shares of the company traded hands, compared to its average volume of 8,705,134. The firm's 50 day moving average price is $110.96 and its 200 day moving average price is $105.22. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $150.23. The firm has a market capitalization of $84.64 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.15 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). The firm 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%. The business's 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 earnings per share. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a research note on Sunday. JPMorgan Chase & Co. raised their price objective on Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, May 30th. KeyCorp began coverage on Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating for the company. Finally, 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. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 2,900 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $120.00, for a total transaction of $348,000.00. Following the completion of the sale, the director directly owned 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 10.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the 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 $121,158,310. The trade was a 39.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,113,977 shares of company stock valued at $1,471,321,229 in the last ninety days. Corporate insiders own 42.00% of the company's stock.

Dell Technologies 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).