Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC grew its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 40.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,162 shares of the technology company's stock after acquiring an additional 30,313 shares during the quarter. Private Advisor Group LLC's holdings in Dell Technologies were worth $9,677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bellwether Advisors LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new position in Dell Technologies during the first quarter worth $25,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies during the fourth quarter worth $26,000. Cullen Frost Bankers Inc. boosted its stake in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after buying an additional 222 shares during the last quarter. Finally, Crowley Wealth Management Inc. boosted its stake 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. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity

In related news, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the transaction, the general counsel directly owned 79,928 shares of the company's stock, valued at $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,897,063 shares of company stock worth $1,570,909,812 over the last three months. Company insiders own 42.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Mizuho boosted their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Bank of America boosted their price objective on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday. Citigroup boosted their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Morgan Stanley boosted their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their target price on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $140.06.

Dell Technologies Stock Performance

Shares of NYSE DELL traded up $7.20 during trading on Friday, reaching $131.08. The stock had a trading volume of 11,017,744 shares, compared to its average volume of 8,515,424. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The business's 50-day moving average price is $117.32 and its 200-day moving average price is $105.93. The company has a market cap of $88.98 billion, a P/E ratio of 20.91, a PEG ratio of 1.21 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 earnings per share 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 firm had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period in the previous year, the firm posted $1.27 earnings per share. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

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