Marks Group Wealth Management Inc Sells 2,597 Shares of Dell Technologies Inc. (NYSE:DELL)

Marks Group Wealth Management Inc decreased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 8.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,054 shares of the technology company's stock after selling 2,597 shares during the period. Marks Group Wealth Management Inc's holdings in Dell Technologies were worth $2,557,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after purchasing an additional 901 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $237,000. Independent Advisor Alliance boosted its holdings in shares of Dell Technologies by 63.9% in the 4th quarter. Independent Advisor Alliance now owns 5,611 shares of the technology company's stock valued at $647,000 after buying an additional 2,187 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Dell Technologies by 24.4% in the 4th quarter. HighTower Advisors LLC now owns 197,277 shares of the technology company's stock valued at $22,734,000 after buying an additional 38,684 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Dell Technologies by 7.3% in the 4th quarter. Swiss National Bank now owns 896,008 shares of the technology company's stock valued at $103,256,000 after buying an additional 60,700 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DELL. TD Cowen lifted their price target on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a report on Friday, May 30th. Barclays lifted their price target 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. Wall Street Zen lowered shares of Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Finally, Mizuho boosted their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded down $2.21 during trading on Wednesday, reaching $123.48. The company had a trading volume of 5,954,586 shares, compared to its average volume of 8,564,097. The firm's fifty day moving average is $115.51 and its 200 day moving average is $105.70. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66. The firm has a market capitalization of $83.82 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.16 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. Equities analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal 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 1.70%. Dell Technologies's payout ratio is currently 33.49%.

Insiders Place Their Bets

In other Dell Technologies 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 shares were 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lake Group L.L.C. Silver sold 10,681 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were 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 owned 938,741 shares in the company, valued at approximately $112,958,704.53. This represents a 1.13% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,713,977 shares of company stock worth $1,547,857,229. 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).