Cutter & CO Brokerage Inc. Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Cutter & CO Brokerage Inc. acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,603 shares of the technology company's stock, valued at approximately $237,000.

A number of other large investors have also made changes to their positions in DELL. Bellwether Advisors LLC bought a new position in Dell Technologies during the 4th quarter worth about $25,000. Smallwood Wealth Investment Management LLC bought a new position in Dell Technologies during the 1st quarter worth about $25,000. Lee Danner & Bass Inc. bought a new position in Dell Technologies during the 4th quarter worth about $26,000. Crowley Wealth Management Inc. increased its holdings in 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 in the last quarter. Finally, Olde Wealth Management LLC bought a new position in Dell Technologies during the 1st quarter worth about $32,000. Institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $7.35 during mid-day trading on Friday, reaching $131.23. 7,879,930 shares of the company's stock were exchanged, compared to its average volume of 7,507,980. The firm has a market capitalization of $89.08 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.14 and a beta of 1.02. The business's fifty day moving average price is $116.62 and its 200-day moving average price is $105.88. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last released 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). The firm 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%. Dell Technologies's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 EPS. Analysts predict 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. Investors of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.60%. Dell Technologies's payout ratio is 33.49%.

Analysts Set New Price Targets

DELL has been the subject of a number of recent research reports. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Citigroup increased their price objective on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Mizuho increased their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Morgan Stanley increased their price objective on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, Raymond James Financial increased their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.06.

Insiders Place Their Bets

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the completion of the sale, the director directly owned 960,050 shares of the company's stock, valued at approximately $121,158,310. This trade represents a 39.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,897,063 shares of company stock valued at $1,570,909,812 over the last quarter. Company insiders own 42.00% of the company's stock.

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).