Motco Acquires Shares of 42,180 Dell Technologies Inc. (NYSE:DELL)

Key Points

• Motco acquired 42,180 shares of Dell Technologies valued at approximately $3.85 million during the first quarter.
• Insider trading activity included a significant sale by CEO Michael S. Dell, who sold 10 million shares for over $1.22 billion, representing a 27.85% decrease in his holdings.
• Analysts have recently raised their price targets for Dell Technologies, with Bank of America increasing its target from $155 to $165 and maintaining a "buy" rating.

Motco purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 42,180 shares of the technology company's stock, valued at approximately $3,845,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after buying an additional 901 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Dell Technologies by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,868 shares of the technology company's stock valued at $1,713,000 after buying an additional 860 shares during the period. American Century Companies Inc. increased its stake in shares of Dell Technologies by 6.3% in the fourth quarter. American Century Companies Inc. now owns 26,199 shares of the technology company's stock valued at $3,019,000 after buying an additional 1,555 shares during the period. TIAA Trust National Association grew its stake in shares of Dell Technologies by 7.3% in the fourth quarter. TIAA Trust National Association now owns 5,192 shares of the technology company's stock worth $598,000 after purchasing an additional 355 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Dell Technologies by 68.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,794 shares of the technology company's stock worth $783,000 after purchasing an additional 2,765 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dell Technologies

In other news, Director William D. Green sold 20,000 shares of the business's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $130.00, for a total value of $2,600,000.00. Following the transaction, the director owned 45,045 shares in the company, valued at $5,855,850. The trade was a 30.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer owned 25,912,241 shares in the company, 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. Over the last quarter, insiders sold 12,917,063 shares of company stock valued at $1,573,509,812. Corporate insiders own 42.00% of the company's stock.

Analysts Set New Price Targets

DELL has been the topic of several analyst reports. Bank of America boosted their price objective on shares of Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Raymond James Financial increased their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. KeyCorp started coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Finally, Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday, July 14th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $140.06.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $131.20 on Friday. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66. The stock has a 50 day moving average price of $119.18 and a two-hundred day moving average price of $106.28. The stock has a market capitalization of $89.06 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). The company had revenue of $23.38 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.27 earnings per share. Research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business 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. This represents a $2.10 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

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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