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Bearing Point Capital LLC Purchases 2,944 Shares of Dell Technologies Inc. (NYSE:DELL)

Dell Technologies logo with Computer and Technology background

Key Points

  • Bearing Point Capital LLC increased its stake in Dell Technologies by 5.3%, bringing its total to 58,439 shares worth approximately $5.3 million.
  • In the first quarter, several institutional investors significantly increased their holdings in Dell, leading to a total institutional ownership of 76.37% of the company's stock.
  • Dell Technologies reported a quarterly EPS of $1.55, which missed estimates, alongside quarterly revenue of $23.38 billion, exceeding forecasts.
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Bearing Point Capital LLC raised its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,439 shares of the technology company's stock after buying an additional 2,944 shares during the period. Bearing Point Capital LLC's holdings in Dell Technologies were worth $5,327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of DELL. Norges Bank purchased a new stake in Dell Technologies during the 4th quarter worth about $455,029,000. Michael & Susan Dell Foundation acquired a new stake in shares of Dell Technologies during the 4th quarter worth about $265,052,000. Janus Henderson Group PLC lifted its stake in Dell Technologies by 160.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after purchasing an additional 1,865,013 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Dell Technologies by 224.4% in the fourth quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock valued at $180,257,000 after purchasing an additional 1,082,087 shares in the last quarter. Finally, Auto Owners Insurance Co increased its stake in Dell Technologies by 18,732.9% in the first quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company's stock valued at $71,188,000 after purchasing an additional 776,853 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total value of $78,875,000.00. Following the sale, the director owned 960,050 shares of the company's stock, valued at $121,158,310. The trade was a 39.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the completion of the transaction, the director directly owned 938,741 shares of the company's stock, valued at $105,918,147.03. This trade represents a 35.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,917,063 shares of company stock worth $1,573,509,812. 42.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DELL. UBS Group decreased their price objective 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. JPMorgan Chase & Co. upped their target price on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Mizuho lifted their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Barclays increased their price objective on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $140.06.

Check Out Our Latest Stock Report on DELL

Dell Technologies Stock Up 1.7%

Shares of NYSE:DELL traded up $2.23 during trading on Monday, reaching $133.45. The stock had a trading volume of 3,406,927 shares, compared to its average volume of 7,405,654. The stock has a fifty day simple moving average of $119.18 and a two-hundred day simple moving average of $106.10. The firm has a market capitalization of $90.59 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 1.06 and a beta of 1.02. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 earnings per share. On average, analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.57%. Dell Technologies's dividend payout ratio is 33.49%.

About Dell Technologies

(Free Report)

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).

See Also

Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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