Cornerstone Planning Group LLC Purchases New Position in Dell Technologies Inc. (NYSE:DELL)

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

A number of other hedge funds have also added to or reduced their stakes in DELL. Brighton Jones LLC raised its stake in Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after buying an additional 901 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Dell Technologies in the 4th quarter worth $237,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Dell Technologies in the 4th quarter worth $527,000. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Dell Technologies by 13.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,852 shares of the technology company's stock worth $744,000 after purchasing an additional 674 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Dell Technologies by 15.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 56,882 shares of the technology company's stock worth $6,555,000 after purchasing an additional 7,811 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of DELL traded up $1.24 during midday trading on Thursday, hitting $127.87. 2,255,462 shares of the company traded hands, compared to its average volume of 8,614,689. The firm has a 50 day moving average of $112.89 and a 200-day moving average of $105.57. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66. The stock has a market cap of $86.80 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.15 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate 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 company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period last year, the company earned $1.27 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $126.20, for a total value of $78,875,000.00. Following the completion of the transaction, the director owned 960,050 shares of the company's stock, valued at approximately $121,158,310. This trade represents a 39.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total transaction 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 approximately $8,697,764.96. The trade was a 46.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,113,977 shares of company stock worth $1,471,321,229 in the last quarter. Company insiders own 42.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DELL. Mizuho upped their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Barclays upped their price objective on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. upped their price objective on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. UBS Group reduced their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Finally, KeyCorp started coverage on Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating for the company. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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).