4,069 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by Cohen Capital Management Inc.

Cohen Capital Management Inc. purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,069 shares of the technology company's stock, valued at approximately $371,000.

Other institutional investors have also recently made changes to their positions in the company. Cutter & CO Brokerage Inc. bought a new stake in Dell Technologies during the first quarter valued at about $237,000. Parker Investment Management LLC grew its position in shares of Dell Technologies by 4.7% in the 1st quarter. Parker Investment Management LLC now owns 16,605 shares of the technology company's stock worth $1,514,000 after buying an additional 750 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of Dell Technologies by 10.2% during the 1st quarter. Bleakley Financial Group LLC now owns 10,299 shares of the technology company's stock worth $939,000 after acquiring an additional 957 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in Dell Technologies during the first quarter valued at approximately $32,000. Finally, Louisiana State Employees Retirement System boosted its stake in Dell Technologies by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the technology company's stock valued at $1,531,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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 transaction, the chief executive officer owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,713,977 shares of company stock worth $1,547,857,229. Company insiders own 42.00% of the company's stock.

Analyst Upgrades and Downgrades

DELL has been the subject of several analyst reports. Raymond James Financial increased their price objective on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Citigroup boosted their price target on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. TD Cowen lifted their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Wall Street Zen cut Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday. Finally, KeyCorp assumed coverage on Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Stock Down 1.8%

Shares of DELL stock traded down $2.21 during mid-day trading on Wednesday, hitting $123.48. 5,924,133 shares of the stock were exchanged, compared to its average volume of 8,570,812. The company has a market cap of $83.82 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.16 and a beta of 1.02. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66. The firm has a fifty day moving average of $115.51 and a 200 day moving average of $105.70.

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). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The business had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same quarter last year, the firm earned $1.27 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

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

Dell Technologies 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).