CM Management LLC Takes $456,000 Position in Dell Technologies Inc. (NYSE:DELL)

Key Points

• CM Management LLC has acquired 5,000 shares of Dell Technologies, totaling approximately $456,000, marking a significant investment in the technology company.
• Insider trading activity has been notable, with a director selling 600,000 shares valued at over $76 million, reflecting a substantial decrease in their ownership stake.
• Several analysts have recently upgraded their price targets for Dell Technologies, with consensus indicating a "Moderate Buy" rating and a target price average of $140.06.

CM Management LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,000 shares of the technology company's stock, valued at approximately $456,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bellwether Advisors LLC bought a new position in Dell Technologies in the 4th quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in Dell Technologies in the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in Dell Technologies in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new stake in Dell Technologies in the 1st quarter worth approximately $27,000. Finally, Cullen Frost Bankers Inc. lifted its stake in Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after purchasing an additional 222 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 6,086 shares of Dell Technologies stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $123.50, for a total transaction of $751,621.00. Following the completion of the transaction, the director directly owned 986,261 shares of the company's stock, valued at $121,803,233.50. This trade represents a 0.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $76,536,000.00. Following the transaction, the director directly owned 980,295 shares of the company's stock, valued at approximately $125,046,430.20. This trade represents a 37.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,947,063 shares of company stock worth $1,577,559,812. 42.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Mizuho raised their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. UBS Group lowered their price objective 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. Citigroup increased their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $140.06.

Dell Technologies Trading Up 0.2%

Shares of DELL opened at $130.46 on Wednesday. The firm's 50-day moving average price is $121.80 and its 200-day moving average price is $107.16. The firm has a market capitalization of $88.56 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.06 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.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The company 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 company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 EPS. On average, research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. Dell Technologies's payout ratio is presently 33.49%.

Dell Technologies Company 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).

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