Easterly Investment Partners LLC Has $8.72 Million Position in Dell Technologies Inc. (NYSE:DELL)

Easterly Investment Partners LLC boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 325.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 95,675 shares of the technology company's stock after buying an additional 73,175 shares during the period. Easterly Investment Partners LLC's holdings in Dell Technologies were worth $8,721,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Dell Technologies during the 4th quarter worth $455,029,000. Vanguard Group Inc. grew its position in shares of Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after buying an additional 2,662,407 shares in the last quarter. Michael & Susan Dell Foundation bought a new position in shares of Dell Technologies during the 4th quarter worth $265,052,000. Janus Henderson Group PLC boosted its position in Dell Technologies by 160.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after purchasing an additional 1,865,013 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Dell Technologies by 224.4% during the fourth quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock valued at $180,257,000 after purchasing an additional 1,082,087 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Price Performance

NYSE:DELL traded up $7.20 during trading hours on Friday, reaching $131.08. The company's stock had a trading volume of 11,017,744 shares, compared to its average volume of 8,513,638. The company has a market cap of $88.98 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.14 and a beta of 1.02. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66. The business's 50-day moving average is $116.62 and its 200-day moving average is $105.88.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter last year, the company earned $1.27 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Analysts Set New Price Targets

DELL has been the topic of a number of recent research reports. Raymond James Financial raised their price objective on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" 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 company an "overweight" rating in a research note on Thursday. Morgan Stanley increased their price target on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Barclays increased their price target 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. Finally, KeyCorp started coverage on Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating for the company. Five research 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $140.06.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the sale, the chief executive officer owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. This trade represents a 27.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the sale, the general counsel directly owned 79,928 shares of the company's stock, valued at approximately $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 three months, insiders have sold 12,897,063 shares of company stock valued at $1,570,909,812. Corporate insiders own 42.00% of the company's stock.

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).