Dell Technologies Inc. (NYSE:DELL) Shares Purchased by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in Dell Technologies by 10.3%, owning 296,516 shares valued at approximately $27 million.
• Analysts have positive outlooks for Dell, with price targets raised to as high as $145, indicating confidence in the stock's future performance.
• The company recently announced a quarterly dividend of $0.525, with an ex-dividend date of July 22nd, reflecting a 1.57% yield for shareholders.

TD Asset Management Inc increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 10.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 296,516 shares of the technology company's stock after purchasing an additional 27,750 shares during the quarter. TD Asset Management Inc's holdings in Dell Technologies were worth $27,027,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DELL. Bellwether Advisors LLC purchased a new stake in Dell Technologies during the 4th quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies during the 1st quarter worth approximately $25,000. Cullen Frost Bankers Inc. lifted its holdings in Dell Technologies by 270.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after buying an additional 222 shares in the last quarter. Crowley Wealth Management Inc. lifted its holdings in Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after buying an additional 150 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new stake in Dell Technologies during the 1st quarter worth approximately $32,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction on 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 transaction, the insider owned 56,429 shares of the company's stock, valued at $6,682,322.18. This represents a 61.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was 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 in the company, valued at $8,697,764.96. This represents a 46.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,947,063 shares of company stock valued at $1,577,559,812. 42.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Mizuho lifted their price objective on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. TD Cowen lifted their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Barclays lifted their price objective on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $140.06.

Dell Technologies Stock Down 0.6%

DELL traded down $0.83 during trading on Thursday, hitting $132.71. 3,858,859 shares of the stock were exchanged, compared to its average volume of 4,457,491. The firm has a market capitalization of $90.09 billion, a P/E ratio of 21.17, a PEG ratio of 1.08 and a beta of 1.02. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The stock has a fifty day moving average price of $120.81 and a two-hundred day moving average price of $106.77.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). The firm 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 company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.27 EPS. Analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

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

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).