Hudson Value Partners LLC Invests $4.09 Million in Dell Technologies Inc. (NYSE:DELL)

Hudson Value Partners LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 44,869 shares of the technology company's stock, valued at approximately $4,090,000. Dell Technologies comprises about 1.5% of Hudson Value Partners LLC's portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bellwether Advisors LLC acquired a new stake in Dell Technologies in the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies during the 4th quarter worth $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies during the 4th quarter worth about $26,000. Crowley Wealth Management Inc. boosted its holdings in Dell Technologies by 86.2% in the first 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 in the last quarter. Finally, 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. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on DELL. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Loop Capital cut their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Citigroup lifted 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. Barclays boosted their target price on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Finally, Mizuho lifted their price target on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Three investment 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, Dell Technologies currently has an average rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Price Performance

NYSE:DELL traded up $2.59 during trading hours on Tuesday, reaching $120.61. 5,028,363 shares of the company traded hands, compared to its average volume of 8,907,460. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $150.23. The stock has a market cap of $81.88 billion, a P/E ratio of 19.24, a P/E/G ratio of 1.09 and a beta of 1.01. The firm's 50-day moving average is $105.16 and its 200-day moving average is $104.98.

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. As a group, research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.

Insider Buying and Selling

In related news, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 56,429 shares in the company, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,470,322 shares of company stock worth $167,441,630. 42.00% of the stock is owned by 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).