IFM Investors Pty Ltd Has $5.54 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

IFM Investors Pty Ltd raised its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,757 shares of the technology company's stock after purchasing an additional 2,030 shares during the period. IFM Investors Pty Ltd's holdings in Dell Technologies were worth $5,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DELL. OneDigital Investment Advisors LLC increased its holdings in shares of Dell Technologies by 11.4% in the first quarter. OneDigital Investment Advisors LLC now owns 5,004 shares of the technology company's stock worth $456,000 after buying an additional 512 shares during the period. Avantax Planning Partners Inc. bought a new stake in shares of Dell Technologies in the 1st quarter worth approximately $222,000. Checchi Capital Advisers LLC boosted its position in shares of Dell Technologies by 13.7% in the 1st quarter. Checchi Capital Advisers LLC now owns 3,882 shares of the technology company's stock worth $354,000 after purchasing an additional 469 shares in the last quarter. North Capital Inc. bought a new position in Dell Technologies in the 1st quarter valued at approximately $97,000. Finally, D.A. Davidson & CO. lifted its position in Dell Technologies by 9.2% in the 1st quarter. D.A. Davidson & CO. now owns 6,782 shares of the technology company's stock valued at $618,000 after acquiring an additional 569 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Trading Down 0.2%

NYSE:DELL traded down $0.26 during mid-day trading on Tuesday, hitting $124.51. The company had a trading volume of 3,316,310 shares, compared to its average volume of 8,683,668. The business has a fifty day simple moving average of $111.57 and a 200-day simple moving average of $105.29. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $150.23. The firm has a market capitalization of $84.52 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.15 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion during the quarter, compared to analyst estimates 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 for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.27 earnings per share. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.69%. Dell Technologies's payout ratio is currently 33.49%.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 6,000 shares of the stock in a transaction on 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 transaction, the chief accounting officer owned 18,948 shares of the company's stock, valued at approximately $2,392,942.92. This represents a 24.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lake Group L.L.C. Silver sold 10,681 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total value of $1,285,244.73. Following the completion of the sale, the director owned 938,741 shares of the company's stock, valued at approximately $112,958,704.53. This trade represents a 1.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,113,977 shares of company stock valued at $1,471,321,229. Company insiders own 42.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price 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. JPMorgan Chase & Co. raised their price objective on Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Citigroup increased their price target on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a report on Friday, May 30th. UBS Group decreased their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Finally, Mizuho lifted their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

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).