Mediolanum International Funds Ltd Invests $15.28 Million in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Mediolanum International Funds Ltd acquired 165,571 shares of Dell Technologies, valued at approximately $15.3 million, during the first quarter.
• Dell Technologies' quarterly earnings report showed an EPS of $1.55, missing estimates by $0.13, while revenue was $23.38 billion, exceeding expectations.
• The company announced a quarterly dividend of $0.525 per share, resulting in an annualized dividend yield of 1.60%.

Mediolanum International Funds Ltd acquired a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 165,571 shares of the technology company's stock, valued at approximately $15,281,000.

A number of other large investors have also added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new position in Dell Technologies during the 4th quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new position in Dell Technologies during the 1st quarter valued at $25,000. Cullen Frost Bankers Inc. boosted its stake 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 acquiring an additional 222 shares during the last quarter. Crowley Wealth Management Inc. boosted its stake in Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after acquiring an additional 150 shares during the last quarter. Finally, Olde Wealth Management LLC bought a new position in Dell Technologies during the 1st quarter valued at $32,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DELL shares. JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Mizuho raised their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. TD Cowen raised their price target on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Bank of America raised their price target on shares of Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Barclays raised their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.06.

Dell Technologies Stock Performance

Shares of DELL stock traded up $2.52 during midday trading on Monday, reaching $133.74. 4,841,801 shares of the company were exchanged, compared to its average volume of 7,416,870. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The company has a market cap of $90.79 billion, a P/E ratio of 21.33, a PEG ratio of 1.06 and a beta of 1.02. The company's 50 day moving average price is $119.18 and its two-hundred day moving average price is $106.10.

Dell Technologies (NYSE:DELL - Get Free Report) last released 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). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. 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 firm posted $1.27 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.57%. Dell Technologies's dividend payout ratio is currently 33.49%.

Insider Buying and Selling

In other news, Director V (Gp) L.L.C. Slta sold 527,187 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21. Following the transaction, the director owned 938,741 shares of the company's stock, valued at $105,918,147.03. The trade was a 35.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the completion of the transaction, the director directly owned 960,050 shares in the company, valued at $121,158,310. This represents a 39.43% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,917,063 shares of company stock worth $1,573,509,812. 42.00% of the stock is owned by insiders.

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).