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

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

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brick & Kyle Associates bought a new position in Dell Technologies during the first quarter worth $1,936,000. Greenleaf Trust lifted its position in shares of Dell Technologies by 1.4% in the 1st quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock worth $927,000 after buying an additional 136 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Dell Technologies by 27.7% in the 1st quarter. Valeo Financial Advisors LLC now owns 11,708 shares of the technology company's stock valued at $1,067,000 after buying an additional 2,538 shares during the period. Stratos Wealth Advisors LLC grew its position in shares of Dell Technologies by 14.2% during the 1st quarter. Stratos Wealth Advisors LLC now owns 7,847 shares of the technology company's stock valued at $715,000 after buying an additional 977 shares during the last quarter. Finally, Stratos Investment Management LLC acquired a new stake in Dell Technologies during the first quarter worth about $330,000. Institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. TD Cowen lifted their target price on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Wall Street Zen raised shares of Dell Technologies from a "hold" rating to a "buy" rating in a research note on Sunday. UBS Group reduced their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Raymond James Financial boosted their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Finally, Morgan Stanley boosted their target price 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. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Stock Up 2.0%

Dell Technologies stock traded up $2.47 during midday trading on Wednesday, hitting $126.86. The company's stock had a trading volume of 3,964,558 shares, compared to its average volume of 8,650,250. The stock's 50-day moving average price is $112.18 and its 200-day moving average price is $105.42. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $150.23. The company has a market capitalization of $86.12 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.15 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last released its 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). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business 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 firm earned $1.27 earnings per share. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.66%. Dell Technologies's payout ratio is currently 33.49%.

Insiders Place Their Bets

In related news, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the sale, the chief executive officer directly owned 25,912,241 shares in the company, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lake Group L.L.C. Silver sold 10,681 shares of Dell Technologies stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the completion of the transaction, the director directly owned 938,741 shares in the company, valued at approximately $112,958,704.53. This trade represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,113,977 shares of company stock worth $1,471,321,229. Company insiders own 42.00% of the company's stock.

Dell Technologies 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).