GAMMA Investing LLC Buys 2,878 Shares of Dell Technologies Inc. (NYSE:DELL)

GAMMA Investing LLC increased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 94.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,914 shares of the technology company's stock after acquiring an additional 2,878 shares during the period. GAMMA Investing LLC's holdings in Dell Technologies were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Bellwether Advisors LLC acquired a new stake in Dell Technologies in the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies in the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the 4th quarter valued at about $26,000. McIlrath & Eck LLC grew its position in shares of Dell Technologies by 155.8% in the 4th quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock valued at $38,000 after buying an additional 201 shares during the last quarter. Finally, Promus Capital LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Stock Up 1.3%

Dell Technologies stock traded up $1.57 during midday trading on Friday, hitting $125.05. 3,725,609 shares of the stock were exchanged, compared to its average volume of 8,724,460. The stock has a market capitalization of $84.89 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.02. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $150.23. The business's 50-day moving average price is $110.36 and its 200-day moving average price is $105.28.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The company had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 earnings per share. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.93 earnings per share 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. Stockholders of record on Tuesday, July 22nd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 33.49%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group reduced their price target on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. TD Cowen lifted their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. KeyCorp initiated coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating for the company. Morgan Stanley lifted their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, Citigroup lifted their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Insider Buying and Selling

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 shares were sold at an average price of $126.29, for a total value of $757,740.00. Following the sale, the chief accounting officer owned 18,948 shares of the company's stock, valued at $2,392,942.92. The trade was a 24.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the completion of the sale, the director directly owned 960,050 shares in the company, valued at approximately $121,158,310. This trade represents a 39.43% 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. Corporate insiders own 42.00% of the company's stock.

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).