Dell Technologies Inc. (NYSE:DELL) Shares Bought by KG&L Capital Management LLC

KG&L Capital Management LLC increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 92.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,419 shares of the technology company's stock after purchasing an additional 4,528 shares during the quarter. KG&L Capital Management LLC's holdings in Dell Technologies were worth $859,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV lifted its position in shares of Dell Technologies by 124.7% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the technology company's stock worth $94,000 after buying an additional 570 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in Dell Technologies in the 1st quarter worth approximately $48,000. HBK Sorce Advisory LLC raised its holdings in shares of Dell Technologies by 17.6% during the 1st quarter. HBK Sorce Advisory LLC now owns 2,351 shares of the technology company's stock worth $214,000 after acquiring an additional 352 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of Dell Technologies by 222.7% during the 1st quarter. Golden State Wealth Management LLC now owns 9,206 shares of the technology company's stock valued at $839,000 after acquiring an additional 6,353 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Dell Technologies by 7.8% in the first quarter. International Assets Investment Management LLC now owns 21,065 shares of the technology company's stock valued at $1,920,000 after purchasing an additional 1,516 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Insider Buying and Selling at Dell Technologies

In related news, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction 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 sale, the insider now directly owns 56,429 shares in the company, valued at $6,682,322.18. This represents a 61.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 2,900 shares of Dell Technologies stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $120.00, for a total value of $348,000.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 10.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,473,222 shares of company stock valued at $167,789,630. Company insiders own 42.00% of the company's stock.

Wall Street Analyst Weigh In

DELL has been the topic of a number of recent research reports. Raymond James Financial upped their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. TD Cowen upped their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Citigroup lifted their price target on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Finally, Morgan Stanley raised their price objective on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Price Performance

Shares of NYSE:DELL traded up $5.65 on Thursday, hitting $126.11. 9,414,606 shares of the company's stock were exchanged, compared to its average volume of 8,895,640. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $150.23. The business's 50 day simple moving average is $105.90 and its two-hundred day simple moving average is $105.09. The stock has a market capitalization of $85.61 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The firm had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. During the same quarter in the previous year, the business earned $1.27 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts forecast 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 $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

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).