Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Lifeworks Advisors LLC

Lifeworks Advisors LLC increased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 48.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,459 shares of the technology company's stock after purchasing an additional 9,609 shares during the quarter. Lifeworks Advisors LLC's holdings in Dell Technologies were worth $2,685,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Advisor OS LLC lifted its stake in Dell Technologies by 15.3% in the first quarter. Advisor OS LLC now owns 7,200 shares of the technology company's stock valued at $656,000 after buying an additional 954 shares during the last quarter. Kovack Advisors Inc. lifted its stake in Dell Technologies by 82.0% in the first quarter. Kovack Advisors Inc. now owns 5,890 shares of the technology company's stock valued at $537,000 after buying an additional 2,654 shares during the last quarter. ACR Alpine Capital Research LLC lifted its stake in Dell Technologies by 18.0% in the first quarter. ACR Alpine Capital Research LLC now owns 106,642 shares of the technology company's stock valued at $9,720,000 after buying an additional 16,246 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in Dell Technologies by 50.7% in the first quarter. Pinnacle Associates Ltd. now owns 23,134 shares of the technology company's stock valued at $2,109,000 after buying an additional 7,787 shares during the last quarter. Finally, Guild Investment Management Inc. raised its stake in shares of Dell Technologies by 3.3% during the first quarter. Guild Investment Management Inc. now owns 28,975 shares of the technology company's stock valued at $2,641,000 after purchasing an additional 915 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the transaction, the director directly owned 960,050 shares of the company's stock, valued at $121,158,310. This trade represents a 39.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the transaction, the general counsel directly owned 79,928 shares in the company, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,917,063 shares of company stock valued at $1,573,509,812. Company insiders own 42.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Mizuho lifted their target price on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. TD Cowen lifted their target price on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. UBS Group lowered their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Finally, KeyCorp started coverage on Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and an average target price of $140.06.

Dell Technologies Price Performance

NYSE DELL traded up $1.05 during mid-day trading on Thursday, reaching $128.27. The stock had a trading volume of 3,772,470 shares, compared to its average volume of 4,935,243. The company has a fifty day moving average price of $118.84 and a 200 day moving average price of $106.22. The stock has a market cap of $87.07 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.03 and a beta of 1.02. 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 posted its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.27 earnings per share. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders 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 dividend yield of 1.64%. Dell Technologies's dividend payout ratio is currently 33.49%.

About Dell Technologies

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).