HCR Wealth Advisors Grows Position in Dell Technologies Inc. (NYSE:DELL)

HCR Wealth Advisors increased its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 14.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,523 shares of the technology company's stock after acquiring an additional 2,176 shares during the period. HCR Wealth Advisors' holdings in Dell Technologies were worth $1,597,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC increased its holdings in Dell Technologies by 23.0% during the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock valued at $62,000 after purchasing an additional 100 shares during the period. Vanguard Capital Wealth Advisors increased its holdings in Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock valued at $207,000 after purchasing an additional 100 shares during the period. HBK Sorce Advisory LLC increased its holdings in Dell Technologies by 6.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company's stock valued at $230,000 after purchasing an additional 118 shares during the period. Mesirow Financial Investment Management Inc. increased its holdings in Dell Technologies by 5.5% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,359 shares of the technology company's stock valued at $272,000 after purchasing an additional 124 shares during the period. Finally, Crowley Wealth Management Inc. increased its holdings in Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after purchasing an additional 150 shares during the period. Institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DELL. TD Cowen boosted their price target on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a report on Friday, May 30th. Barclays upped their target price on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Mizuho upped their target price on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. The Goldman Sachs Group reduced their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. upped their target price on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Stock Performance

Shares of Dell Technologies stock traded up $2.88 during midday trading on Friday, hitting $119.44. The company had a trading volume of 9,562,236 shares, compared to its average volume of 8,986,590. The stock has a market capitalization of $81.08 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.08 and a beta of 1.01. The company has a 50 day moving average of $103.05 and a 200 day moving average of $105.24. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $150.23.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The business's revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.27 earnings per share. Equities research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.76%. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. This represents a 2.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William F. Scannell sold 91,230 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total value of $10,803,456.60. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 1,470,322 shares of company stock valued at $167,441,630. 42.00% of the stock is owned by corporate insiders.

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).