Red Door Wealth Management LLC Invests $7.75 Million in Dell Technologies Inc. (NYSE:DELL)

Red Door Wealth Management LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 84,979 shares of the technology company's stock, valued at approximately $7,746,000. Dell Technologies makes up 1.1% of Red Door Wealth Management LLC's holdings, making the stock its 26th largest holding.

Several other institutional investors have also modified their holdings of the company. Tortoise Investment Management LLC boosted its holdings in Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after buying an additional 100 shares in the last quarter. Vanguard Capital Wealth Advisors boosted its stake in shares of Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after acquiring an additional 100 shares in the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of Dell Technologies by 6.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company's stock worth $230,000 after acquiring an additional 118 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Dell Technologies by 5.5% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 2,359 shares of the technology company's stock worth $272,000 after purchasing an additional 124 shares during the period. Finally, Crowley Wealth Management Inc. lifted its holdings 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 valued at $30,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Buying and Selling

In related news, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the sale, the insider directly owned 56,429 shares of the company's stock, valued at approximately $6,682,322.18. This represents a 61.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies 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 owned 25,912,241 shares in the company, valued at $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,113,977 shares of company stock valued at $1,471,321,229. 42.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barclays lifted their price target on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. Mizuho lifted their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. Raymond James Financial lifted their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Stock Up 1.3%

DELL stock traded up $1.57 during trading hours on Thursday, hitting $125.05. The company's stock had a trading volume of 3,725,609 shares, compared to its average volume of 8,742,185. The stock has a 50 day moving average price of $109.75 and a two-hundred day moving average price of $105.24. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $150.23. The company has a market capitalization of $84.89 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate 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 business had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same period in the previous year, the company earned $1.27 earnings per share. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared 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 of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.68%. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Dell Technologies 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).