Cornerstone Planning Group LLC Buys New Stake in Dell Technologies Inc. (NYSE:DELL)

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

Several other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Dell Technologies by 42.7% in 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 period. Proficio Capital Partners LLC purchased a new stake in Dell Technologies in the 4th quarter valued at about $237,000. Ashton Thomas Private Wealth LLC purchased a new stake in Dell Technologies in the 4th quarter valued at about $527,000. Bank Julius Baer & Co. Ltd Zurich boosted its position in 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 valued at $744,000 after buying an additional 674 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in 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 valued at $6,555,000 after buying an additional 7,811 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Performance

DELL opened at $124.51 on Wednesday. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $150.23. The company has a fifty day moving average of $112.18 and a two-hundred day moving average of $105.42. The stock has a market capitalization of $84.52 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.15 and a beta of 1.02.

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 (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 during the quarter, compared to analyst estimates of $23.17 billion. During the same quarter last year, the business earned $1.27 EPS. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DELL shares. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. UBS Group lowered their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company 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 research report on Friday, May 30th. TD Cowen increased their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Finally, Barclays upped their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

Insider Transactions at Dell Technologies

In related news, General Counsel Richard J. Rothberg sold 70,165 shares of the business's 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 transaction, the general counsel directly owned 79,928 shares in the company, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business's stock in a transaction dated 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 transaction, the director owned 938,741 shares in the company, valued at $105,918,147.03. The trade was a 35.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,113,977 shares of company stock worth $1,471,321,229 in the last quarter. 42.00% of the stock is owned by insiders.

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).

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