Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Monte Financial Group LLC

Monte Financial Group LLC increased its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 30.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,071 shares of the technology company's stock after acquiring an additional 15,220 shares during the quarter. Dell Technologies comprises approximately 2.3% of Monte Financial Group LLC's holdings, making the stock its 21st biggest position. Monte Financial Group LLC's holdings in Dell Technologies were worth $5,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DELL. Bellwether Advisors LLC bought a new stake in Dell Technologies during the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the fourth quarter worth $26,000. Crowley Wealth Management Inc. lifted its stake in Dell Technologies by 86.2% in the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after purchasing an additional 150 shares in the last quarter. Finally, McIlrath & Eck LLC grew its position in shares of Dell Technologies by 155.8% during the fourth quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock valued at $38,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Performance

Dell Technologies stock traded up $2.59 during mid-day trading on Tuesday, reaching $120.61. 5,028,363 shares of the company were exchanged, compared to its average volume of 8,927,808. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $150.23. The business has a fifty day moving average of $104.46 and a 200 day moving average of $104.87. The firm has a market cap of $81.88 billion, a P/E ratio of 19.24, a PEG ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly 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). The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. 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 posted $1.27 EPS. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

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 issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 33.49%.

Insider Buying and Selling at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,470,322 shares of company stock valued at $167,441,630. 42.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Mizuho raised their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, May 19th. The Goldman Sachs Group dropped their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Citigroup increased their price target on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a report on Friday, May 30th. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Finally, UBS Group lowered 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. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

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).