Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Kovack Advisors Inc.

Key Points

• Kovack Advisors Inc. increased its stake in Dell Technologies by 82% in Q1, now owning 5,890 shares valued at $537,000.
• Dell Technologies reported $1.55 EPS for the last quarter, missing the consensus estimate, despite revenues of $23.38 billion exceeding expectations.
• The company recently announced a quarterly dividend of $0.525 per share, with a payout ratio of 33.49% and a dividend yield of 1.60%.

Kovack Advisors Inc. grew its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 82.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,890 shares of the technology company's stock after acquiring an additional 2,654 shares during the quarter. Kovack Advisors Inc.'s holdings in Dell Technologies were worth $537,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Capital Wealth Advisors raised its stake in shares of Dell Technologies by 5.9% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after purchasing an additional 100 shares during the last quarter. OneAscent Financial Services LLC raised its stake in shares of Dell Technologies by 3.4% during the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock worth $345,000 after purchasing an additional 125 shares during the last quarter. Greenleaf Trust raised its stake in shares of Dell Technologies by 1.4% during the first quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock worth $927,000 after purchasing an additional 136 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Dell Technologies by 32.9% during the first quarter. First Horizon Advisors Inc. now owns 586 shares of the technology company's stock worth $53,000 after purchasing an additional 145 shares during the last quarter. Finally, True Vision MN LLC raised its stake in shares of Dell Technologies by 2.6% during the first quarter. True Vision MN LLC now owns 5,817 shares of the technology company's stock worth $530,000 after purchasing an additional 145 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Dell Technologies stock opened at $131.20 on Friday. The firm has a market capitalization of $89.06 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The stock's fifty day moving average is $119.18 and its two-hundred day moving average is $106.28.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share 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%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company posted $1.27 EPS. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is currently 33.49%.

Analyst Ratings Changes

DELL has been the subject of several analyst reports. Citigroup upped their price target on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Barclays increased their price objective on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. increased their price objective on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, Raymond James Financial increased their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $140.06.

Insider Buying and Selling at Dell Technologies

In related news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the sale, the chief executive officer owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. This trade represents a 27.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 6,086 shares of the stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $123.50, for a total value of $751,621.00. Following the sale, the director directly owned 986,261 shares in the company, valued at approximately $121,803,233.50. The trade was a 0.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,917,063 shares of company stock valued at $1,573,509,812. 42.00% of the stock is owned by company insiders.

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).

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