Cornerstone Planning Group LLC Purchases Shares of 5,651 Dell Technologies Inc. (NYSE:DELL)

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

Other hedge funds also recently added to or reduced their stakes in the company. Bellwether Advisors LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies during the 1st quarter valued at $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of Dell Technologies during the 4th quarter worth about $26,000. Crowley Wealth Management Inc. lifted its stake in shares of Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after purchasing an additional 150 shares during the period. Finally, Olde Wealth Management LLC acquired a new position in shares of Dell Technologies during the 1st quarter valued at about $32,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of Dell Technologies stock traded down $1.01 on Friday, reaching $126.90. 3,558,127 shares of the company's stock were exchanged, compared to its average volume of 8,610,919. The firm's 50-day moving average is $113.61 and its two-hundred day moving average is $105.63. The company has a market capitalization of $86.15 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 1.17 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.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly 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 negative return on equity of 226.48% and a net margin of 4.63%. The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter in the previous year, the company posted $1.27 EPS. The firm's revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company 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 dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.65%. Dell Technologies's dividend payout ratio is currently 33.49%.

Analysts Set New Price Targets

Several equities analysts have recently commented on DELL shares. KeyCorp started coverage on Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating for the company. Morgan Stanley raised their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Citigroup increased their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, May 30th. UBS Group cut their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Mizuho lifted 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. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $138.00.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the transaction, the chief executive officer owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the sale, the director directly owned 938,741 shares in the company, valued at approximately $105,918,147.03. This trade represents a 35.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,113,977 shares of company stock worth $1,471,321,229. 42.00% of the stock is owned by insiders.

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).