Invesco Ltd. Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Invesco Ltd. increased its holdings in Dell Technologies Inc. by 20.5%, now owning approximately 2.95 million shares valued at $269.15 million.
• Dell Technologies reported a quarterly earnings per share (EPS) of $1.55, which missed analysts' expectations of $1.68, but its revenue was above expectations at $23.38 billion.
• The company declared a quarterly dividend of $0.525 per share, with a yield of 1.5% and a dividend payout ratio of 33.49%.

Invesco Ltd. increased its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 20.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,952,829 shares of the technology company's stock after buying an additional 502,764 shares during the quarter. Invesco Ltd. owned about 0.42% of Dell Technologies worth $269,150,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after acquiring an additional 901 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Dell Technologies by 19.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 138,395 shares of the technology company's stock valued at $15,949,000 after buying an additional 22,077 shares in the last quarter. Townsquare Capital LLC grew its stake in Dell Technologies by 21.0% during the 4th quarter. Townsquare Capital LLC now owns 5,689 shares of the technology company's stock worth $656,000 after purchasing an additional 989 shares in the last quarter. Mariner LLC grew its stake in Dell Technologies by 10.0% during the 4th quarter. Mariner LLC now owns 83,209 shares of the technology company's stock worth $9,580,000 after purchasing an additional 7,587 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth about $202,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $127.56, for a total transaction of $76,536,000.00. Following the sale, the director owned 980,295 shares in the company, valued at approximately $125,046,430.20. This represents a 37.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brunilda Rios sold 6,000 shares of the firm's 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 sale, the chief accounting officer owned 18,948 shares in the company, valued at $2,392,942.92. This trade represents a 24.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,989,063 shares of company stock worth $1,583,673,412 in the last quarter. 42.00% of the stock is currently owned by corporate insiders.

Dell Technologies Price Performance

Shares of DELL stock traded down $0.59 during trading hours on Friday, reaching $138.27. 3,447,239 shares of the company's stock were exchanged, compared to its average volume of 5,058,493. The company has a market cap of $93.86 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 0.97 and a beta of 1.02. The company's 50 day moving average is $125.79 and its two-hundred day moving average is $108.71. 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 released its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The firm had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 EPS. As a group, analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, July 22nd. Dell Technologies's dividend payout ratio is 33.49%.

Analysts Set New Price Targets

Several research analysts have commented on DELL shares. UBS Group cut their price target on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. TD Cowen lifted their price target on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Morgan Stanley lifted their price target on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Susquehanna reaffirmed a "neutral" rating and set a $125.00 price objective on shares of Dell Technologies in a research note on Wednesday. Finally, Bank of America upped their price objective on Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $143.00.

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).