Charles Schwab Investment Management Inc. boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,087,140 shares of the technology company's stock after purchasing an additional 148,427 shares during the period. Charles Schwab Investment Management Inc. owned about 0.30% of Dell Technologies worth $190,243,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Michael & Susan Dell Foundation acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $265,052,000. Janus Henderson Group PLC grew its stake 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 worth $348,814,000 after acquiring an additional 1,865,013 shares during the period. Vanguard Group Inc. grew its stake in Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after acquiring an additional 1,145,658 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Dell Technologies by 224.4% during the 4th quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock valued at $180,257,000 after buying an additional 1,082,087 shares during the period. Finally, Auto Owners Insurance Co raised its holdings in shares of Dell Technologies by 18,732.9% in the 1st quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company's stock worth $71,188,000 after purchasing an additional 776,853 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on DELL. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Bank of America upped their price objective on shares of Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, July 18th. KeyCorp began coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. Raymond James Financial increased their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and an average target price of $141.53.
Get Our Latest Stock Analysis on Dell Technologies
Dell Technologies Stock Performance
Dell Technologies stock traded up $0.69 during mid-day trading on Monday, reaching $138.30. The company's stock had a trading volume of 4,397,526 shares, compared to its average volume of 4,972,846. The company has a market capitalization of $93.88 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 0.97 and a beta of 1.02. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The business's 50 day simple moving average is $123.63 and its 200 day simple moving average is $107.73.
Dell Technologies (NYSE:DELL - Get Free Report) last announced 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). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm 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 business earned $1.27 EPS. The business's revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.93 EPS 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 paid a $0.525 dividend. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.5%. Dell Technologies's payout ratio is 33.49%.
Insiders Place Their Bets
In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William D. Green sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $135.00, for a total transaction of $4,050,000.00. Following the completion of the transaction, the director owned 45,045 shares of the company's stock, valued at $6,081,075. The trade was a 39.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,947,063 shares of company stock worth $1,577,559,812. 42.00% of the stock is currently owned by insiders.
Dell Technologies Profile
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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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