Sagespring Wealth Partners LLC Buys Shares of 2,426 Dell Technologies Inc. (NYSE:DELL)

Sagespring Wealth Partners LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,426 shares of the technology company's stock, valued at approximately $221,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC boosted its position in Dell Technologies by 44.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after buying an additional 809 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Dell Technologies by 79.4% during the fourth quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock worth $1,312,000 after purchasing an additional 5,040 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after purchasing an additional 552,213 shares during the period. Prudential PLC lifted its holdings in shares of Dell Technologies by 3.8% during the fourth quarter. Prudential PLC now owns 141,702 shares of the technology company's stock worth $16,330,000 after purchasing an additional 5,192 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Dell Technologies by 7.5% during the fourth quarter. Principal Financial Group Inc. now owns 493,959 shares of the technology company's stock worth $56,924,000 after purchasing an additional 34,626 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the transaction, the insider now owns 56,429 shares in the company, valued at approximately $6,682,322.18. This trade represents a 61.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,470,322 shares of company stock worth $167,441,630. 42.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DELL shares. Raymond James Financial lifted their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. UBS Group cut their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Finally, 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 note on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Price Performance

Shares of NYSE:DELL traded up $2.88 during midday trading on Friday, hitting $119.44. 9,562,236 shares of the company's stock were exchanged, compared to its average volume of 8,955,258. The stock has a 50 day moving average price of $103.80 and a 200-day moving average price of $105.05. The company has a market cap of $81.08 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $150.23.

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). The business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.27 earnings per share. On average, analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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