Longfellow Investment Management Co. LLC bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,286 shares of the technology company's stock, valued at approximately $1,029,000.
Other large investors have also recently made changes to their positions in the company. Bellwether Advisors LLC purchased a new position in Dell Technologies in the 4th quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new position in Dell Technologies during the 1st quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new position in Dell Technologies during the 1st quarter valued at about $26,000. Cheviot Value Management LLC purchased a new position in Dell Technologies during the 1st quarter valued at about $27,000. Finally, Cullen Frost Bankers Inc. grew its holdings in Dell Technologies by 270.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after buying an additional 222 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.
Dell Technologies Stock Performance
NYSE:DELL traded down $0.10 during mid-day trading on Thursday, reaching $139.05. The stock had a trading volume of 3,811,717 shares, compared to its average volume of 7,188,167. The firm has a 50 day moving average price of $124.76 and a two-hundred day moving average price of $108.18. The stock has a market capitalization of $94.39 billion, a P/E ratio of 22.18, a P/E/G ratio of 0.99 and a beta of 1.02. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66.
Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share 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 the consensus estimate 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 EPS. Research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.
Dell Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were given a $0.525 dividend. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.5%. Dell Technologies's payout ratio is presently 33.49%.
Insider Transactions at Dell Technologies
In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 6,086 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $123.50, for a total value of $751,621.00. Following the completion of the sale, the director owned 986,261 shares in the company, valued at approximately $121,803,233.50. The trade was a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the sale, the chief executive officer owned 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,989,063 shares of company stock valued at $1,583,673,412. Insiders own 42.00% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on DELL shares. Barclays lifted their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Raymond James Financial lifted their target price on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Bank of America lifted their target price on Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a report on Friday, July 18th. JPMorgan Chase & Co. lifted their target price on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Mizuho boosted their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $141.82.
Read Our Latest Stock Analysis on Dell Technologies
About Dell Technologies
(
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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