Kendall Capital Management Buys 3,055 Shares of Dell Technologies Inc. (NYSE:DELL)

Kendall Capital Management raised its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,005 shares of the technology company's stock after buying an additional 3,055 shares during the quarter. Dell Technologies comprises about 1.4% of Kendall Capital Management's investment portfolio, making the stock its 16th largest holding. Kendall Capital Management's holdings in Dell Technologies were worth $4,740,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DELL. Bellwether Advisors LLC purchased a new position in Dell Technologies in the fourth quarter worth $25,000. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies during the fourth quarter valued at about $26,000. Crowley Wealth Management Inc. grew its position in Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after purchasing an additional 150 shares during the last quarter. Finally, McIlrath & Eck LLC raised its holdings in shares of Dell Technologies by 155.8% in the fourth quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock worth $38,000 after buying an additional 201 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction dated Thursday, June 26th. The shares were 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 now owns 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the transaction, the insider now owns 56,429 shares in the company, valued at approximately $6,682,322.18. This represents a 61.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,482,977 shares of company stock valued at $1,391,688,489 in the last ninety days. 42.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DELL has been the subject of a number of research analyst reports. TD Cowen raised their target price on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. KeyCorp initiated coverage on Dell Technologies in a research note on Thursday. 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 report on Friday, May 30th. The Goldman Sachs Group cut their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Finally, Citigroup lifted their price objective on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Trading Down 1.5%

Shares of Dell Technologies stock opened at $124.12 on Monday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $150.23. The firm's 50-day moving average price is $107.51 and its 200 day moving average price is $104.96. The firm has a market capitalization of $84.26 billion, a PE ratio of 19.80, a P/E/G ratio of 1.14 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly 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 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 period in the prior year, the firm earned $1.27 earnings per share. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm 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. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.69%. Dell Technologies's dividend payout ratio is presently 33.49%.

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).

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