Concurrent Investment Advisors LLC Has $564,000 Position in Dell Technologies Inc. (NYSE:DELL)

Concurrent Investment Advisors LLC lifted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 56.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,184 shares of the technology company's stock after acquiring an additional 2,232 shares during the period. Concurrent Investment Advisors LLC's holdings in Dell Technologies were worth $564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Dell Technologies in the 4th quarter valued at approximately $455,029,000. Vanguard Group Inc. increased its holdings in Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. Michael & Susan Dell Foundation bought a new stake in shares of Dell Technologies in the fourth quarter valued at about $265,052,000. Janus Henderson Group PLC grew its holdings in shares of Dell Technologies by 160.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after buying an additional 1,865,013 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Dell Technologies by 224.4% in the 4th quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock valued at $180,257,000 after acquiring an additional 1,082,087 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the sale, the director directly owned 960,050 shares of the company's stock, valued at approximately $121,158,310. This trade represents a 39.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the transaction, the general counsel directly owned 79,928 shares of the company's stock, valued at $8,697,764.96. This represents a 46.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,113,977 shares of company stock valued at $1,471,321,229. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Price Performance

NYSE:DELL traded down $1.01 during trading hours on Friday, reaching $126.90. 3,558,127 shares of the company were exchanged, compared to its average volume of 8,612,370. The company has a market capitalization of $86.15 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.18 and a beta of 1.02. The business has a 50 day moving average of $114.25 and a 200 day moving average of $105.69. 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 posted its quarterly earnings results 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 company had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.27 EPS. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is presently 33.49%.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent research reports. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. TD Cowen increased their price target on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Morgan Stanley boosted their price target on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Citigroup raised their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $138.00.

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).