Liberty Wealth Management LLC Acquires 10,390 Shares of Dell Technologies Inc. (NYSE:DELL)

Key Points

• Liberty Wealth Management LLC significantly increased its holdings in Dell Technologies, acquiring 10,390 additional shares, bringing its total to 12,414 shares valued at around $1,132,000.
• Several institutional investors, including Capital World Investors and Janus Henderson Group PLC, have also raised their stakes in Dell Technologies, indicating strong institutional interest in the company.
• Dell Technologies reported a miss in earnings per share for the last quarter, posting $1.55 compared to the expected $1.68, even though revenue increased by 5.1% year-over-year.

Liberty Wealth Management LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 513.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,414 shares of the technology company's stock after acquiring an additional 10,390 shares during the quarter. Liberty Wealth Management LLC's holdings in Dell Technologies were worth $1,132,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. J. Safra Sarasin Holding AG boosted its stake in shares of Dell Technologies by 19.6% during the 1st quarter. J. Safra Sarasin Holding AG now owns 37,186 shares of the technology company's stock worth $3,390,000 after acquiring an additional 6,107 shares in the last quarter. Banco Santander S.A. boosted its stake in shares of Dell Technologies by 12.2% during the 1st quarter. Banco Santander S.A. now owns 5,836 shares of the technology company's stock worth $532,000 after acquiring an additional 633 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Dell Technologies by 272.4% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 16,083 shares of the technology company's stock worth $1,562,000 after acquiring an additional 11,764 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Dell Technologies by 21.7% in the first quarter. PNC Financial Services Group Inc. now owns 69,212 shares of the technology company's stock worth $6,309,000 after buying an additional 12,330 shares during the period. Finally, TIAA Trust National Association boosted its position in shares of Dell Technologies by 3.0% in the first quarter. TIAA Trust National Association now owns 5,348 shares of the technology company's stock worth $487,000 after buying an additional 156 shares during the period. 76.37% of the stock is owned by institutional investors.

Dell Technologies Price Performance

DELL traded down $2.60 during trading on Tuesday, reaching $127.63. 668,044 shares of the stock traded hands, compared to its average volume of 7,252,889. The stock has a market cap of $86.64 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.03 and a beta of 1.02. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The stock's 50-day simple moving average is $121.47 and its two-hundred day simple moving average is $107.00.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results 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 company 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 business earned $1.27 earnings per share. Dell Technologies's quarterly revenue was up 5.1% on a year-over-year basis. Research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Analyst Upgrades and Downgrades

DELL has been the subject of several recent 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 report on Friday, May 30th. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research 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. Raymond James Financial raised their target price on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Finally, Citigroup raised their target price on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.06.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the transaction, the director directly owned 938,741 shares in the company, valued at $105,918,147.03. This trade represents a 35.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction dated 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 owned 25,912,241 shares in the company, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,947,063 shares of company stock valued at $1,577,559,812. Insiders own 42.00% of the company's stock.

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).