Embree Financial Group Purchases Shares of 2,716 Dell Technologies Inc. (NYSE:DELL)

Embree Financial Group acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,716 shares of the technology company's stock, valued at approximately $248,000.

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 shares of Dell Technologies during the fourth quarter valued at about $25,000. Vision Financial Markets LLC bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies in the 4th quarter worth approximately $26,000. Crowley Wealth Management Inc. grew 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 acquiring an additional 150 shares in the last quarter. Finally, McIlrath & Eck LLC increased its position in shares of Dell Technologies by 155.8% during the fourth quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock valued at $38,000 after acquiring an additional 201 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Insider Activity

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of Dell Technologies stock in a transaction that occurred on Wednesday, June 18th. The shares were 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 now directly owns 56,429 shares in the company, valued at $6,682,322.18. The trade was a 61.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the firm'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 sale, the director now owns 938,741 shares in the company, valued at approximately $105,918,147.03. This trade represents a 35.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,470,322 shares of company stock worth $167,441,630 in the last three months. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Price Performance

Dell Technologies stock opened at $120.61 on Wednesday. The firm has a market capitalization of $81.88 billion, a P/E ratio of 19.24, a PEG ratio of 1.09 and a beta of 1.01. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $150.23. The business has a fifty day moving average price of $105.16 and a 200-day moving average price of $104.98.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its 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). 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 during the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter in the prior year, the business earned $1.27 EPS. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.74%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DELL shares. Mizuho boosted 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. TD Cowen lifted their target price on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. UBS Group reduced their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

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).

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