PKO Investment Management Joint Stock Co Acquires New Holdings in Dell Technologies Inc. (NYSE:DELL)

PKO Investment Management Joint Stock Co purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 25,000 shares of the technology company's stock, valued at approximately $2,279,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after acquiring an additional 901 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of Dell Technologies by 12.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 9,170 shares of the technology company's stock valued at $1,057,000 after acquiring an additional 1,005 shares during the period. Rhumbline Advisers boosted its stake in Dell Technologies by 4.0% during the 4th quarter. Rhumbline Advisers now owns 635,264 shares of the technology company's stock valued at $73,208,000 after purchasing an additional 24,205 shares during the period. Principal Securities Inc. boosted its stake in Dell Technologies by 53.5% during the 4th quarter. Principal Securities Inc. now owns 8,900 shares of the technology company's stock valued at $1,026,000 after purchasing an additional 3,102 shares during the period. Finally, Allworth Financial LP boosted its stake in Dell Technologies by 60.6% during the 4th quarter. Allworth Financial LP now owns 7,607 shares of the technology company's stock valued at $876,000 after purchasing an additional 2,871 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 310,771 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $113.99, for a total transaction of $35,424,786.29. Following the transaction, the director now owns 877,339 shares in the company, valued at approximately $100,007,872.61. This trade represents a 26.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the transaction, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,379,092 shares of company stock valued at $156,638,174 over the last three months. 42.00% of the stock is owned by corporate insiders.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $0.64 during mid-day trading on Wednesday, hitting $116.57. The stock had a trading volume of 4,662,642 shares, compared to its average volume of 9,108,223. The company's 50 day moving average is $101.65 and its 200-day moving average is $105.22. The company has a market cap of $81.34 billion, a PE ratio of 18.59, a P/E/G ratio of 1.07 and a beta of 1.01. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $161.52.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results 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). The business had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. Dell Technologies's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.27 EPS. On average, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Raymond James Financial boosted their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. boosted their price target on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Wall Street Zen upgraded Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Morgan Stanley upped their price objective on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, Citigroup upped their price objective on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus 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).