Blueshift Asset Management LLC Raises Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Blueshift Asset Management LLC increased its holdings in Dell Technologies by 101.2%, owning 17,609 shares valued at approximately $1.6 million, making Dell its 23rd largest investment.
• Dell announced a quarterly dividend of $0.525 per share, which will be paid on August 1st, providing a 1.6% dividend yield.
• Despite reporting a miss in EPS, with earnings of $1.55 versus an expectation of $1.68, Dell's revenue still surpassed estimates at $23.38 billion, up 5.1% year-over-year.

Blueshift Asset Management LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 101.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 17,609 shares of the technology company's stock after acquiring an additional 8,857 shares during the period. Dell Technologies makes up about 0.6% of Blueshift Asset Management LLC's investment portfolio, making the stock its 23rd biggest position. Blueshift Asset Management LLC's holdings in Dell Technologies were worth $1,605,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bellwether Advisors LLC bought a new position in Dell Technologies during the 4th quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in Dell Technologies during the first quarter worth $26,000. Cullen Frost Bankers Inc. increased its holdings in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after buying an additional 222 shares during the last quarter. Finally, Crowley Wealth Management Inc. increased its holdings in shares of Dell Technologies by 86.2% in the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after purchasing an additional 150 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the transaction, the general counsel directly owned 79,928 shares of the company's stock, valued at $8,697,764.96. The trade was a 46.75% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,947,063 shares of company stock worth $1,577,559,812. 42.00% of the stock is owned by corporate insiders.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded down $5.40 during trading hours on Friday, hitting $127.29. 5,518,078 shares of the company's stock traded hands, compared to its average volume of 4,465,020. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66. The stock has a market capitalization of $86.41 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.03 and a beta of 1.02. The company has a fifty day simple moving average of $121.11 and a 200-day simple moving average of $106.89.

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

Dell Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

DELL has been the subject of several recent analyst reports. Barclays upped their price objective on shares of 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 target on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Bank of America increased their price target on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Morgan Stanley increased 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, Citigroup increased their price target on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $140.06.

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).