Ritholtz Wealth Management Trims Holdings in Dell Technologies Inc. (NYSE:DELL)

Ritholtz Wealth Management lowered its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 14.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,679 shares of the technology company's stock after selling 3,957 shares during the quarter. Ritholtz Wealth Management's holdings in Dell Technologies were worth $2,158,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tortoise Investment Management LLC increased its stake in Dell Technologies by 23.0% in the 4th 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% in the fourth 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 during the period. HBK Sorce Advisory LLC grew its position in shares of Dell Technologies by 6.3% during the fourth quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company's stock worth $230,000 after purchasing an additional 118 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its stake in Dell Technologies by 5.5% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,359 shares of the technology company's stock valued at $272,000 after purchasing an additional 124 shares during the period. Finally, Crowley Wealth Management Inc. lifted 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 worth $30,000 after purchasing an additional 150 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

NYSE:DELL traded up $2.92 during trading hours on Friday, hitting $119.48. 4,742,084 shares of the company were exchanged, compared to its average volume of 9,092,684. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $161.52. The company's 50 day moving average price is $103.05 and its 200-day moving average price is $105.24. The stock has a market capitalization of $83.38 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.08 and a beta of 1.01.

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

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.76%. Dell Technologies's dividend payout ratio is presently 33.49%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. lifted their target price on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Loop Capital dropped their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Mizuho lifted 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. Finally, Wells Fargo & Company lowered their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Insider Activity at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,379,092 shares of company stock worth $156,638,174. 42.00% of the stock is owned by corporate insiders.

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).