QRG Capital Management Inc. Boosts Stock Position in Dell Technologies Inc. (NYSE:DELL)

QRG Capital Management Inc. grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 135.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,722 shares of the technology company's stock after purchasing an additional 37,250 shares during the period. QRG Capital Management Inc.'s holdings in Dell Technologies were worth $5,899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DELL. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies during the fourth quarter worth approximately $26,000. Crowley Wealth Management Inc. increased its stake in shares of 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 period. Finally, JFS Wealth Advisors LLC increased its stake in shares of Dell Technologies by 204.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company's stock worth $38,000 after buying an additional 221 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. upped their price target on Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Wells Fargo & Company lowered their price target on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Raymond James Financial upped their price target on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and an average target price of $138.00.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 527,187 shares of Dell Technologies stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the completion of the sale, the director now owns 938,741 shares in the company, valued at approximately $105,918,147.03. This trade represents a 35.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,470,322 shares of company stock worth $167,441,630 over the last 90 days. 42.00% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Performance

NYSE:DELL traded up $2.88 during trading hours on Friday, hitting $119.44. The company's stock had a trading volume of 9,562,236 shares, compared to its average volume of 8,955,258. The business's 50-day moving average is $103.80 and its two-hundred day moving average is $105.05. The company has a market capitalization of $81.08 billion, a PE ratio of 19.05, a PEG ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $150.23.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $23.17 billion. During the same quarter in the prior year, the business earned $1.27 EPS. The company's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company 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 1.76%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

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).