Envestnet Asset Management Inc. Has $64.04 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Envestnet Asset Management Inc. grew its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 24.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 702,560 shares of the technology company's stock after purchasing an additional 136,069 shares during the period. Envestnet Asset Management Inc. owned approximately 0.10% of Dell Technologies worth $64,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of DELL. Norges Bank bought a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $455,029,000. Vanguard Group Inc. grew its stake in shares of Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the period. Michael & Susan Dell Foundation bought a new stake in Dell Technologies during the 4th quarter worth approximately $265,052,000. Janus Henderson Group PLC grew its position in Dell Technologies by 160.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after acquiring an additional 1,865,013 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Dell Technologies by 224.4% during the 4th quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock worth $180,257,000 after acquiring an additional 1,082,087 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Trading Down 0.8%

Shares of NYSE DELL traded down $1.01 during mid-day trading on Friday, hitting $126.90. The company had a trading volume of 3,558,127 shares, compared to its average volume of 8,612,370. The company has a market capitalization of $86.15 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.18 and a beta of 1.02. The firm has a 50-day simple moving average of $114.25 and a two-hundred day simple moving average of $105.69. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter in the previous year, the business posted $1.27 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is presently 33.49%.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.29, for a total transaction of $757,740.00. Following the completion of the sale, the chief accounting officer owned 18,948 shares in the company, valued at $2,392,942.92. The trade was a 24.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lake Group L.L.C. Silver sold 10,681 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $120.33, for a total value of $1,285,244.73. Following the sale, the director owned 938,741 shares of the company's stock, valued at approximately $112,958,704.53. This represents a 1.13% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,113,977 shares of company stock valued at $1,471,321,229. Insiders own 42.00% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on DELL. Mizuho increased their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. upped their price objective on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. 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. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Finally, Raymond James Financial raised their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

About Dell Technologies

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).