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

Deltec Asset Management LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 174.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,704 shares of the technology company's stock after buying an additional 64,607 shares during the period. Dell Technologies comprises 2.0% of Deltec Asset Management LLC's holdings, making the stock its 14th largest position. Deltec Asset Management LLC's holdings in Dell Technologies were worth $9,270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DELL. Vanguard Group Inc. raised its position in Dell Technologies by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after acquiring an additional 2,662,407 shares in the last quarter. Capital World Investors lifted its stake in Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after purchasing an additional 72,271 shares during the last quarter. Geode Capital Management LLC increased its position in Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after buying an additional 552,213 shares during the last quarter. Norges Bank bought a new stake in Dell Technologies in the fourth quarter valued at approximately $455,029,000. Finally, Northern Trust Corp boosted its stake in shares of Dell Technologies by 16.1% during the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock worth $382,281,000 after acquiring an additional 460,483 shares during the period. Institutional investors own 76.37% of the company's stock.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the completion of the sale, the director now owns 938,741 shares in the company, valued at approximately $105,918,147.03. The trade was a 35.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,470,322 shares of company stock worth $167,441,630 over the last three months. 42.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays upped their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. TD Cowen upped their target price on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Mizuho boosted their price target on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Citigroup boosted their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Trading Up 2.5%

NYSE:DELL traded up $2.88 during mid-day trading on Friday, hitting $119.44. 9,562,236 shares of the company's stock were exchanged, compared to its average volume of 8,955,258. The firm has a market capitalization of $81.08 billion, a P/E ratio of 19.05, a PEG ratio of 1.10 and a beta of 1.01. The company has a 50 day simple moving average of $103.80 and a 200-day simple moving average of $105.05. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $150.23.

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 negative return on equity of 226.48% and a net margin of 4.63%. The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the prior year, the business earned $1.27 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

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).