Bulltick Wealth Management LLC raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 98.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,008 shares of the technology company's stock after purchasing an additional 40,710 shares during the period. Dell Technologies accounts for 2.0% of Bulltick Wealth Management LLC's portfolio, making the stock its 13th largest position. Bulltick Wealth Management LLC's holdings in Dell Technologies were worth $7,475,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Dell Technologies by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after purchasing an additional 1,145,658 shares during the period. Capital World Investors boosted its stake in shares of Dell Technologies by 0.6% during the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock worth $1,436,000,000 after purchasing an additional 72,271 shares during the period. Deutsche Bank AG boosted its stake in shares of Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock worth $377,508,000 after purchasing an additional 1,142,012 shares during the period. Northern Trust Corp boosted its stake in shares of Dell Technologies by 16.1% during the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock worth $382,281,000 after purchasing an additional 460,483 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Dell Technologies by 160.5% in 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 buying an additional 1,865,013 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.
Dell Technologies Stock Down 0.4%
Shares of DELL stock traded down $0.59 during trading hours on Friday, hitting $138.27. 3,421,514 shares of the company were exchanged, compared to its average volume of 7,163,194. The firm has a market cap of $93.86 billion, a PE ratio of 22.05, a PEG ratio of 0.98 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 firm has a fifty day moving average of $125.30 and a 200 day moving average of $108.42.
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 analysts' expectations 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 quarter in the previous year, the business posted $1.27 EPS. Analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.
Dell Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies's payout ratio is currently 33.49%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Morgan Stanley boosted 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. Citigroup upped their price target on shares of Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday. Raymond James Financial upped their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Bank of America upped their price target on shares of Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Evercore ISI upped their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.
Get Our Latest Analysis on DELL
Insider Transactions at Dell Technologies
In other news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the completion of the transaction, the director owned 938,741 shares of the company's stock, valued at approximately $105,918,147.03. The trade was a 35.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the sale, the insider directly owned 56,429 shares of the company's stock, valued at $6,682,322.18. The trade was a 61.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,989,063 shares of company stock valued at $1,583,673,412 over the last quarter. Insiders own 42.00% of the company's stock.
About Dell Technologies
(
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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