Boston Partners Acquires 1,312,600 Shares of Dell Technologies Inc. (NYSE:DELL)

Key Points

• Boston Partners increased its ownership of Dell Technologies Inc. shares by 34.4%, owning approximately 5.13 million shares valued at about $466 million at the end of the reporting period.
• Dell Technologies reported a decrease in earnings per share to $1.55, falling short of analysts' expectations, although revenue saw a year-over-year increase of 5.1% to $23.38 billion.
• The company recently announced a quarterly dividend of $0.525 per share, resulting in a 1.5% annualized dividend yield.

Boston Partners raised its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 34.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,132,877 shares of the technology company's stock after purchasing an additional 1,312,600 shares during the period. Boston Partners owned 0.74% of Dell Technologies worth $466,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. E Fund Management Co. Ltd. boosted its position in Dell Technologies by 4.7% during the 1st quarter. E Fund Management Co. Ltd. now owns 6,521 shares of the technology company's stock valued at $594,000 after acquiring an additional 290 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Dell Technologies by 5.5% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,663 shares of the technology company's stock worth $972,000 after acquiring an additional 556 shares during the last quarter. National Pension Service raised its stake in shares of Dell Technologies by 13.7% during the 1st quarter. National Pension Service now owns 726,956 shares of the technology company's stock valued at $66,262,000 after buying an additional 87,745 shares during the last quarter. Resona Asset Management Co. Ltd. increased its stake in shares of Dell Technologies by 8.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 99,726 shares of the technology company's stock valued at $9,107,000 after purchasing an additional 7,587 shares in the last quarter. Finally, Bulltick Wealth Management LLC boosted its holdings in Dell Technologies by 98.6% in the 1st quarter. Bulltick Wealth Management LLC now owns 82,008 shares of the technology company's stock worth $7,475,000 after buying an additional 40,710 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Trading Down 0.4%

Shares of DELL traded down $0.59 during mid-day trading on Friday, reaching $138.27. The company had a trading volume of 3,447,239 shares, compared to its average volume of 5,058,493. The stock has a market cap of $93.86 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 0.97 and a beta of 1.02. The firm has a fifty day simple moving average of $125.79 and a 200-day simple moving average of $108.71. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The company 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% compared to the same quarter last year. During the same quarter last year, the business earned $1.27 EPS. As a group, equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.5%. Dell Technologies's payout ratio is presently 33.49%.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the sale, the insider directly owned 56,429 shares of the company's stock, valued at $6,682,322.18. The trade was a 61.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,989,063 shares of company stock worth $1,583,673,412. Corporate insiders own 42.00% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on DELL. Bank of America boosted their target price on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, July 18th. UBS Group reduced their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Mizuho upped their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Susquehanna reiterated a "neutral" rating and set a $125.00 target price on shares of Dell Technologies in a research note on Wednesday. Finally, Evercore ISI upped their price objective on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $143.00.

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).