Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 222.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,206 shares of the technology company's stock after purchasing an additional 6,353 shares during the period. Golden State Wealth Management LLC's holdings in Dell Technologies were worth $839,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DELL. Brighton Jones LLC raised its stake in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after acquiring an additional 901 shares in the last quarter. IFP Advisors Inc raised its position in Dell Technologies by 31.9% in the 4th quarter. IFP Advisors Inc now owns 4,654 shares of the technology company's stock valued at $537,000 after purchasing an additional 1,125 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of Dell Technologies by 10.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,951 shares of the technology company's stock valued at $340,000 after buying an additional 281 shares during the period. Bank of New York Mellon Corp grew its position in shares of Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company's stock worth $337,796,000 after buying an additional 1,139,318 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Dell Technologies by 2.6% during the fourth quarter. Amalgamated Bank now owns 57,678 shares of the technology company's stock worth $6,647,000 after buying an additional 1,467 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Stock Up 4.7%

DELL traded up $5.65 during trading on Thursday, hitting $126.11. 9,414,606 shares of the stock were exchanged, compared to its average volume of 8,895,601. The firm has a market capitalization of $85.61 billion, a P/E ratio of 20.11, a PEG ratio of 1.11 and a beta of 1.01. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $150.23. The stock has a fifty day moving average price of $105.90 and a two-hundred day moving average price of $105.09.

Dell Technologies (NYSE:DELL - Get Free Report) last announced 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). The business 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%. The business's revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.27 earnings per share. Analysts predict 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. Stockholders of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.67%. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Insider Buying and Selling

In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the sale, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 2,900 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $120.00, for a total transaction of $348,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,473,222 shares of company stock valued at $167,789,630 over the last quarter. 42.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DELL shares. UBS Group decreased their price target 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. Wells Fargo & Company decreased their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. KeyCorp initiated coverage on Dell Technologies in a report on Thursday. They issued a "sector weight" rating on the stock. Morgan Stanley lifted their price target on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, Wall Street Zen upgraded Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and an average target price of $138.00.

About Dell Technologies

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).