Hixon Zuercher LLC Acquires New Position in Dell Technologies Inc. (NYSE:DELL)

Hixon Zuercher LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,610 shares of the technology company's stock, valued at approximately $2,608,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DELL. Exchange Traded Concepts LLC boosted its position in Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after acquiring an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Dell Technologies by 44.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after purchasing an additional 809 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Dell Technologies by 79.4% during the fourth quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock worth $1,312,000 after purchasing an additional 5,040 shares during the period. Geode Capital Management LLC lifted its stake in Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after buying an additional 552,213 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Dell Technologies by 9.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock worth $5,417,000 after buying an additional 4,977 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. 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. Citigroup boosted their price objective on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a report on Friday, May 30th. TD Cowen upped their target price on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Finally, 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. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. 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 Price Performance

Shares of Dell Technologies stock traded up $1.50 on Thursday, reaching $124.98. 3,716,714 shares of the company traded hands, compared to its average volume of 8,742,152. The firm has a market capitalization of $84.84 billion, a PE ratio of 19.92, a PEG ratio of 1.12 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 company has a 50 day moving average of $109.75 and a 200 day moving average of $105.24.

Dell Technologies (NYSE:DELL - Get Free Report) last announced 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 net margin of 4.63% and a negative return on equity of 226.48%. The business had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. The business's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.68%. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Insiders Place Their Bets

In related news, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William F. Scannell sold 91,230 shares of Dell Technologies stock in a transaction dated 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 sale, the insider owned 56,429 shares of the company's stock, valued at approximately $6,682,322.18. This trade represents a 61.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,113,977 shares of company stock worth $1,471,321,229 over the last quarter. Insiders own 42.00% of the company's stock.

Dell Technologies 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).