Cornerstone Planning Group LLC Takes $504,000 Position in Dell Technologies Inc. (NYSE:DELL)

Cornerstone Planning Group LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,651 shares of the technology company's stock, valued at approximately $504,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Bellwether Advisors LLC bought a new position in Dell Technologies in the 4th quarter worth $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies during the first quarter worth $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $26,000. Crowley Wealth Management Inc. grew its stake in shares of Dell Technologies by 86.2% in the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after purchasing an additional 150 shares during the period. Finally, Olde Wealth Management LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the completion of the sale, the director directly owned 938,741 shares in the company, valued at $105,918,147.03. This represents a 35.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value of $10,803,456.60. Following the sale, the insider owned 56,429 shares of the company's stock, valued at approximately $6,682,322.18. This represents a 61.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,113,977 shares of company stock worth $1,471,321,229. 42.00% of the stock is owned by company insiders.

Dell Technologies Trading Up 1.1%

Shares of NYSE:DELL traded up $1.34 during trading on Thursday, reaching $127.97. 5,368,459 shares of the stock were exchanged, compared to its average volume of 8,631,125. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The firm has a market cap of $86.87 billion, a PE ratio of 20.41, a PEG ratio of 1.17 and a beta of 1.02. The stock has a 50-day moving average price of $113.61 and a 200-day moving average price of $105.63.

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

Dell Technologies Dividend Announcement

The company 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. This represents a $2.10 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is presently 33.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DELL. Mizuho upped their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Citigroup raised their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. KeyCorp began coverage on Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Finally, Barclays raised their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

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).