Phoenix Financial Ltd. Takes Position in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Phoenix Financial Ltd. has acquired 11,580 shares of Dell Technologies, valued at approximately $1,056,000, indicating growing interest in the company by institutional investors.
• Dell Technologies reported $1.55 EPS for the last quarter, missing analyst expectations by $0.13, despite achieving revenue of $23.38 billion, surpassing expectations of $23.17 billion.
• The company recently announced a quarterly dividend of $0.525 per share, translating to an annual yield of 1.60%, with the payout reflecting a 33.49% dividend payout ratio.

Phoenix Financial Ltd. purchased a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,580 shares of the technology company's stock, valued at approximately $1,056,000.

Several other large investors have also added to or reduced their stakes in the stock. Exchange Traded Concepts LLC boosted its stake in shares of Dell Technologies by 25.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after purchasing an additional 506 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of Dell Technologies by 44.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after purchasing an additional 809 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Dell Technologies by 113.3% during the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock valued at $95,000 after purchasing an additional 554 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Dell Technologies by 54.6% during the 1st quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company's stock valued at $402,000 after purchasing an additional 1,558 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 valued at $789,680,000 after purchasing an additional 552,213 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Dell Technologies Trading Up 2.2%

NYSE:DELL opened at $131.20 on Friday. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The company has a market cap 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. The company has a 50 day simple moving average of $119.18 and a two-hundred day simple moving average of $106.28.

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 analysts' consensus estimates 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 business had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. During the same period in the prior year, the company posted $1.27 earnings per share. The firm's quarterly revenue was up 5.1% on a year-over-year basis. Research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.60%. Dell Technologies's dividend payout ratio is currently 33.49%.

Analyst Ratings Changes

DELL has been the topic of several research reports. Morgan Stanley boosted their price objective on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Bank of America lifted their target price on shares of Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a report on Friday, July 18th. Raymond James Financial lifted 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. Barclays lifted their target price 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. Finally, Mizuho lifted their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $140.06.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the sale, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William D. Green sold 20,000 shares of the company's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $130.00, for a total transaction of $2,600,000.00. Following the sale, the director directly owned 45,045 shares of the company's stock, valued at approximately $5,855,850. This represents a 30.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,917,063 shares of company stock valued at $1,573,509,812 in the last quarter. 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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