Headlands Technologies LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Headlands Technologies LLC acquired 16,973 shares of Dell Technologies valued at approximately $1,547,000 in the first quarter, indicating increasing institutional investment in the company.
• Dell Technologies reported a quarterly EPS of $1.55, missing analyst estimates but achieved revenues of $23.38 billion, surpassing expectations.
• Recent analyst ratings suggest optimism for Dell Technologies, with a consensus target price of $140.06 and a majority assigning the stock a "buy" rating.

Headlands Technologies LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,973 shares of the technology company's stock, valued at approximately $1,547,000.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after acquiring an additional 1,145,658 shares during the period. Capital World Investors boosted its holdings in shares of Dell Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after acquiring an additional 72,271 shares during the period. Deutsche Bank AG lifted its holdings in shares of Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock worth $377,508,000 after purchasing an additional 1,142,012 shares during the period. Northern Trust Corp lifted its holdings in shares of Dell Technologies by 16.1% during the fourth quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock worth $382,281,000 after purchasing an additional 460,483 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of 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 worth $348,814,000 after purchasing an additional 1,865,013 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Dell Technologies stock traded up $1.54 during midday trading on Monday, reaching $139.15. 1,711,503 shares of the company were exchanged, compared to its average volume of 7,215,062. The company has a market capitalization of $94.46 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 0.97 and a beta of 1.02. The firm's 50-day simple moving average is $123.02 and its 200-day simple moving average is $107.55. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The company had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 EPS. On average, analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the sale, the chief executive officer directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 6,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.29, for a total value of $757,740.00. Following the completion of the sale, the chief accounting officer directly owned 18,948 shares in the company, valued at approximately $2,392,942.92. The trade was a 24.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,947,063 shares of company stock worth $1,577,559,812 in the last quarter. 42.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DELL. Citigroup increased their price target on Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday. JPMorgan Chase & Co. increased their price target on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Mizuho increased their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Barclays raised their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Finally, Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $141.53.

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).