Mitsubishi UFJ Asset Management Co. Ltd. Purchases 82,435 Shares of Dell Technologies Inc. (NYSE:DELL)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Dell Technologies by 16.9%, acquiring an additional 82,435 shares, bringing their total to 570,212 shares valued at approximately $51.98 million.
• Dell Technologies reported earnings of $1.55 EPS for the quarter, missing analysts' estimates, but revenue increased by 5.1% year-over-year to $23.38 billion.
• The company announced a quarterly dividend of $0.525 per share, with a total annualized dividend yield of 1.5%, and a payout ratio of 33.49%.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 16.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 570,212 shares of the technology company's stock after acquiring an additional 82,435 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of Dell Technologies worth $51,975,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Capital Wealth Advisors grew its stake in shares of Dell Technologies by 5.9% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after purchasing an additional 100 shares during the period. Cary Street Partners Financial LLC grew its stake in shares of Dell Technologies by 2.7% during the first quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company's stock worth $395,000 after purchasing an additional 116 shares during the period. OneAscent Financial Services LLC grew its stake in shares of Dell Technologies by 3.4% during the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock worth $345,000 after purchasing an additional 125 shares during the period. MRP Capital Investments LLC grew its stake in shares of Dell Technologies by 0.8% during the first quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company's stock worth $1,365,000 after purchasing an additional 125 shares during the period. Finally, Greenleaf Trust grew its stake in shares of Dell Technologies by 1.4% during the first quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock worth $927,000 after purchasing an additional 136 shares during the period. Institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Up 2.8%

Shares of DELL stock opened at $137.73 on Friday. The firm has a 50 day moving average price of $123.02 and a two-hundred day moving average price of $107.65. The company has a market capitalization of $93.50 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 0.94 and a beta of 1.02. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results 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 business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the prior year, the business posted $1.27 earnings per share. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.5%. Dell Technologies's dividend payout ratio (DPR) is currently 33.49%.

Analysts Set New Price Targets

A number of brokerages recently commented on DELL. Barclays lifted their price objective on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. UBS Group decreased their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, May 30th. JPMorgan Chase & Co. lifted their target price on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Wall Street Zen lowered Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $140.06.

Insider Activity at Dell Technologies

In other news, General Counsel Richard J. Rothberg sold 70,165 shares of the firm's 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 of the company's stock, valued at approximately $8,697,764.96. This trade represents a 46.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,947,063 shares of company stock valued at $1,577,559,812. 42.00% of the stock is currently owned by company insiders.

Dell Technologies 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).

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