Cerity Partners LLC Increases Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Cerity Partners LLC boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 23.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,636 shares of the technology company's stock after acquiring an additional 9,165 shares during the quarter. Cerity Partners LLC's holdings in Dell Technologies were worth $4,342,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in Dell Technologies by 42.7% during 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 last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Dell Technologies in the fourth quarter worth about $237,000. Envestnet Portfolio Solutions Inc. raised its holdings in Dell Technologies by 93.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,765 shares of the technology company's stock worth $1,932,000 after purchasing an additional 8,113 shares during the period. Corient Private Wealth LLC raised its holdings in Dell Technologies by 2.3% in the 4th quarter. Corient Private Wealth LLC now owns 120,269 shares of the technology company's stock worth $12,895,000 after purchasing an additional 2,653 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its holdings in Dell Technologies by 144.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 457 shares of the technology company's stock worth $53,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analysts Set New Price Targets

DELL has been the subject of a number of research analyst reports. Barclays increased their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Raymond James Financial increased their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. KeyCorp initiated coverage on Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Citigroup increased their price objective on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, Mizuho increased their price objective on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.18.

Dell Technologies Stock Performance

Shares of DELL stock opened at $123.87 on Friday. The company's 50-day simple moving average is $116.62 and its 200-day simple moving average is $105.88. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66. The stock has a market capitalization of $84.09 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 1.14 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 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 earnings per share. As a group, research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.70%. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of Dell Technologies stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $127.56, for a total value of $76,536,000.00. Following the completion of the transaction, the director owned 980,295 shares of the company's stock, valued at $125,046,430.20. This trade represents a 37.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the sale, the chief executive officer owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. This trade represents a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,897,063 shares of company stock valued at $1,570,909,812 over the last three months. Insiders own 42.00% of the company's stock.

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).

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