Quadrant Private Wealth Management LLC Purchases New Holdings in Dell Technologies Inc. (NYSE:DELL)

Quadrant Private Wealth Management LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,303 shares of the technology company's stock, valued at approximately $210,000.

Several other institutional investors have also modified their holdings of DELL. Bellwether Advisors LLC acquired a new position in Dell Technologies in the 4th quarter valued at about $25,000. Smallwood Wealth Investment Management LLC acquired a new position in Dell Technologies in the 1st quarter valued at about $25,000. Cullen Frost Bankers Inc. boosted its holdings in Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. Crowley Wealth Management Inc. boosted its holdings in Dell Technologies by 86.2% in the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after purchasing an additional 150 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in Dell Technologies in the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

DELL has been the subject of a number of recent analyst reports. TD Cowen lifted their price target on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Wall Street Zen cut shares of Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday, July 14th. KeyCorp initiated coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. UBS Group dropped their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Morgan Stanley lifted their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $140.06.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded up $2.85 on Friday, reaching $131.20. 4,298,756 shares of the company were exchanged, compared to its average volume of 4,652,753. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The company has a market cap of $89.06 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 1.06 and a beta of 1.02. The stock's 50 day moving average price is $119.18 and its 200-day moving average price is $106.19.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data 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 negative return on equity of 226.48% and a net margin of 4.63%. The company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same period in the prior year, the firm posted $1.27 earnings per share. The business's quarterly revenue was up 5.1% compared to the same quarter last year. On average, research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

Insider Buying and Selling at Dell Technologies

In related news, CAO Brunilda Rios sold 6,000 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.29, for a total value of $757,740.00. Following the completion of the sale, the chief accounting officer directly owned 18,948 shares of the company's stock, valued at $2,392,942.92. This represents a 24.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 6,086 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $123.50, for a total value of $751,621.00. Following the completion of the sale, the director directly owned 986,261 shares of the company's stock, valued at approximately $121,803,233.50. This trade represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,917,063 shares of company stock worth $1,573,509,812. 42.00% of the stock is currently owned by corporate insiders.

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).