Perigon Wealth Management LLC Decreases Stake in Dell Technologies Inc. (NYSE:DELL)

Perigon Wealth Management LLC reduced its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 56.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,473 shares of the technology company's stock after selling 7,137 shares during the quarter. Perigon Wealth Management LLC's holdings in Dell Technologies were worth $499,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its position in shares of Dell Technologies by 25.9% in the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after buying an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Dell Technologies by 44.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after acquiring an additional 809 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Dell Technologies by 79.4% in the 4th quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock worth $1,312,000 after purchasing an additional 5,040 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Dell Technologies by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after purchasing an additional 552,213 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Dell Technologies by 9.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock valued at $5,417,000 after purchasing an additional 4,977 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of NYSE:DELL traded down $1.36 during mid-day trading on Monday, reaching $122.63. 5,402,227 shares of the company were exchanged, compared to its average volume of 8,807,301. The firm has a market cap of $83.25 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 1.14 and a beta of 1.01. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $150.23. The firm's 50-day simple moving average is $107.51 and its 200 day simple moving average is $104.96.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same quarter in the prior year, the firm posted $1.27 EPS. Dell Technologies's quarterly revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal 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 paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the sale, the director directly owned 938,741 shares in the company, valued at $105,918,147.03. This represents a 35.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the general counsel directly owned 79,928 shares of the company's stock, valued at $8,697,764.96. This represents a 46.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,482,977 shares of company stock valued at $1,391,688,489. 42.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Loop Capital reduced their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. TD Cowen lifted their price target on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Mizuho upped their price objective 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. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Finally, Raymond James Financial boosted their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and an average price target of $138.00.

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).