Alberta Investment Management Corp Purchases 7,300 Shares of Dell Technologies Inc. (NYSE:DELL)

Key Points

• Alberta Investment Management Corp increased its stake in Dell Technologies by 19.9% in the first quarter, owning 44,000 shares valued at approximately $4 million.
• Dell Technologies reported $1.55 earnings per share for the last quarter, missing analysts' estimates of $1.68, while quarterly revenue was up 5.1% year-over-year.
• The company announced a quarterly dividend of $0.525 per share, representing a yield of 1.6% with a dividend payout ratio of 33.49%.

Alberta Investment Management Corp increased its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 19.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,000 shares of the technology company's stock after acquiring an additional 7,300 shares during the period. Alberta Investment Management Corp's holdings in Dell Technologies were worth $4,011,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DELL. Vanguard Capital Wealth Advisors boosted its holdings in shares of Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after buying an additional 100 shares during the period. OneAscent Financial Services LLC boosted its stake in Dell Technologies by 3.4% in the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock valued at $345,000 after purchasing an additional 125 shares during the period. MRP Capital Investments LLC grew its holdings in Dell Technologies by 0.8% in the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company's stock valued at $1,365,000 after buying an additional 125 shares in the last quarter. Greenleaf Trust raised its stake in 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 purchasing an additional 136 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Dell Technologies by 32.9% during the 1st quarter. First Horizon Advisors Inc. now owns 586 shares of the technology company's stock worth $53,000 after purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DELL. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Barclays increased their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Citigroup raised their price objective on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a report on Friday, May 30th. KeyCorp assumed coverage on Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Finally, Wall Street Zen downgraded Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday, July 14th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus target price of $140.06.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 6,000 shares of the business's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $126.29, for a total value of $757,740.00. Following the sale, the chief accounting officer directly owned 18,948 shares in the company, valued at $2,392,942.92. The trade was a 24.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 6,086 shares of Dell Technologies stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $123.50, for a total value of $751,621.00. Following the completion of the sale, the director directly owned 986,261 shares of the company's stock, valued at approximately $121,803,233.50. This trade represents a 0.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,947,063 shares of company stock worth $1,577,559,812 in the last three months. Insiders own 42.00% of the company's stock.

Dell Technologies Price Performance

Shares of DELL stock traded up $2.89 during trading hours on Monday, reaching $130.21. The company had a trading volume of 2,764,218 shares, compared to its average volume of 4,741,070. The business has a fifty day simple moving average of $121.11 and a 200-day simple moving average of $106.85. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The company has a market cap of $88.39 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. Dell Technologies's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.27 EPS. On average, equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.

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).