Monte Financial Group LLC Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

Monte Financial Group LLC lifted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 30.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,071 shares of the technology company's stock after buying an additional 15,220 shares during the period. Dell Technologies makes up approximately 2.3% of Monte Financial Group LLC's portfolio, making the stock its 21st biggest holding. Monte Financial Group LLC's holdings in Dell Technologies were worth $5,518,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Bellwether Advisors LLC bought a new position in Dell Technologies in the 4th quarter valued at $25,000. Vision Financial Markets LLC bought a new position in Dell Technologies during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new position in Dell Technologies during the fourth quarter valued at about $26,000. Crowley Wealth Management Inc. increased its holdings in Dell Technologies by 86.2% during the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after buying an additional 150 shares during the last quarter. Finally, McIlrath & Eck LLC raised its position in Dell Technologies by 155.8% in the fourth quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock worth $38,000 after acquiring an additional 201 shares during the period. 76.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Raymond James Financial raised their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note 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 research note on Friday, May 30th. Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Wells Fargo & Company decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Finally, Barclays upped their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $138.00.

Dell Technologies Price Performance

NYSE DELL opened at $119.44 on Friday. The company's 50 day simple moving average is $103.80 and its two-hundred day simple moving average is $105.20. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $150.23. The stock has a market capitalization of $81.08 billion, a PE ratio of 19.05, a P/E/G ratio of 1.08 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (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 business had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same quarter last year, the business posted $1.27 EPS. The company's quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts anticipate 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 dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.

Insider Buying and Selling

In related news, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total value of $10,803,456.60. Following the completion of the transaction, the insider now directly owns 56,429 shares in the company, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38% 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 worth $167,441,630. Insiders own 42.00% of the company's stock.

Dell Technologies Company 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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