Kessler Investment Group LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 85,740 shares of the technology company's stock after purchasing an additional 5,917 shares during the period. Dell Technologies accounts for about 3.8% of Kessler Investment Group LLC's portfolio, making the stock its 5th largest position. Kessler Investment Group LLC's holdings in Dell Technologies were worth $7,815,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after acquiring an additional 901 shares during the last quarter. IFP Advisors Inc boosted its holdings in Dell Technologies by 31.9% in the fourth quarter. IFP Advisors Inc now owns 4,654 shares of the technology company's stock valued at $537,000 after acquiring an additional 1,125 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in Dell Technologies by 204.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 9,860 shares of the technology company's stock valued at $1,136,000 after acquiring an additional 6,625 shares during the last quarter. National Pension Service boosted its holdings in Dell Technologies by 3.0% in the fourth quarter. National Pension Service now owns 639,211 shares of the technology company's stock valued at $73,663,000 after acquiring an additional 18,805 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Dell Technologies by 7.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 26,353 shares of the technology company's stock valued at $3,037,000 after acquiring an additional 1,753 shares during the last quarter. Institutional investors own 76.37% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on DELL shares. KeyCorp started coverage on Dell Technologies in a report on Thursday. They issued a "sector weight" rating on the stock. JPMorgan Chase & Co. raised their price target on Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Barclays raised their price target on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Finally, The Goldman Sachs Group reduced their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $138.00.
Check Out Our Latest Stock Report on DELL
Insider Activity at Dell Technologies
In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the business'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 transaction of $1,222,700,000.00. Following the transaction, the chief executive officer now owns 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,482,977 shares of company stock valued at $1,391,688,489. 42.00% of the stock is owned by insiders.
Dell Technologies Trading Down 1.5%
Shares of NYSE:DELL traded down $1.86 during trading on Friday, hitting $124.12. 7,356,506 shares of the company's stock traded hands, compared to its average volume of 8,820,897. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $150.23. The company has a market cap of $84.26 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.15 and a beta of 1.01. The company has a 50-day moving average price of $107.51 and a 200-day moving average price of $105.06.
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 business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter last year, the firm earned $1.27 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.
Dell Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is presently 33.49%.
Dell Technologies Profile
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Free Report)
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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