IFP Advisors Inc Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

IFP Advisors Inc grew its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 61.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,521 shares of the technology company's stock after buying an additional 2,867 shares during the quarter. IFP Advisors Inc's holdings in Dell Technologies were worth $686,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bellwether Advisors LLC acquired a new position in Dell Technologies during the fourth quarter worth $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Dell Technologies in the 1st quarter valued at $25,000. Cullen Frost Bankers Inc. lifted its stake in shares of Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. Crowley Wealth Management Inc. lifted its stake in shares of Dell Technologies by 86.2% in 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 last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Dell Technologies in the 1st quarter valued at $32,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DELL. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. KeyCorp initiated coverage on Dell Technologies in a research report on Thursday, June 26th. They issued a "sector weight" rating for the company. UBS Group decreased their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Citigroup upped their target price on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Raymond James Financial upped their target price on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $140.06.

Dell Technologies Price Performance

Shares of DELL stock traded up $0.76 during trading hours on Monday, reaching $131.98. 1,081,394 shares of the company's stock were exchanged, compared to its average volume of 7,388,537. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $147.66. The company has a market cap of $89.60 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.02. The company's 50 day moving average is $119.18 and its two-hundred day moving average is $106.10.

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 for the quarter, missing the consensus estimate 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 firm had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same period in the previous year, the business earned $1.27 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

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 $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.59%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is currently 33.49%.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William F. Scannell sold 91,230 shares of the firm'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 transaction, the insider directly owned 56,429 shares of the company's stock, 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. Insiders sold a total of 12,917,063 shares of company stock worth $1,573,509,812 over the last ninety days. 42.00% of the stock is currently owned by corporate insiders.

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).