Cambridge Investment Research Advisors Inc. raised its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 36.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 128,788 shares of the technology company's stock after purchasing an additional 34,453 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Dell Technologies were worth $11,739,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its holdings in Dell Technologies by 25.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after acquiring an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Dell Technologies by 44.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after purchasing an additional 809 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Dell Technologies by 79.4% in the fourth quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock valued at $1,312,000 after purchasing an additional 5,040 shares during the last quarter. Geode Capital Management LLC lifted its position in Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after buying an additional 552,213 shares in the last quarter. Finally, Prudential PLC boosted its stake in Dell Technologies by 3.8% during the fourth quarter. Prudential PLC now owns 141,702 shares of the technology company's stock worth $16,330,000 after buying an additional 5,192 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.
Analysts Set New Price Targets
A number of analysts have issued reports on DELL shares. The Goldman Sachs Group cut their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. TD Cowen raised their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Morgan Stanley boosted their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Barclays increased their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Finally, UBS Group reduced their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.
View Our Latest Report on DELL
Dell Technologies Price Performance
Shares of DELL stock traded down $0.18 on Wednesday, hitting $120.41. The stock had a trading volume of 3,972,087 shares, compared to its average volume of 8,887,806. The company's 50 day moving average price is $105.16 and its 200-day moving average price is $104.98. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $150.23. The firm has a market capitalization of $81.74 billion, a P/E ratio of 19.20, a P/E/G ratio of 1.09 and a beta of 1.01.
Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. During the same quarter last year, the company earned $1.27 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.
Dell Technologies Announces Dividend
The business also recently disclosed 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. This represents a $2.10 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's payout ratio is currently 33.49%.
Insiders Place Their Bets
In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares in the company, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,470,322 shares of company stock worth $167,441,630 in the last quarter. 42.00% of the stock is owned by company insiders.
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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