Sei Investments Co. Has $19.07 Million Stake in Dell Technologies Inc. $DELL

Key Points

• Sei Investments Co. has increased its stake in Dell Technologies by 16.3%, owning 201,564 shares valued at approximately $19 million at the end of the first quarter.
• Multiple hedge funds, including the Michael & Susan Dell Foundation and Janus Henderson Group, have also significantly increased their positions in Dell Technologies during the recent quarters.
• Dell Technologies reported $1.55 EPS for the last quarter, missing analysts' expectations, while revenue rose to $23.38 billion, surpassing estimates.

Sei Investments Co. lifted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 16.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,564 shares of the technology company's stock after purchasing an additional 28,302 shares during the period. Sei Investments Co.'s holdings in Dell Technologies were worth $19,069,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Michael & Susan Dell Foundation acquired a new stake in Dell Technologies during the fourth quarter worth approximately $265,052,000. Janus Henderson Group PLC grew its position in Dell Technologies by 160.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after buying an additional 1,865,013 shares in the last quarter. Boston Partners boosted its holdings in shares of Dell Technologies by 34.4% in the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after purchasing an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after purchasing an additional 1,145,658 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Dell Technologies by 38.1% in the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after purchasing an additional 1,142,012 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Insiders Place Their Bets

In related news, Director William D. Green sold 50,000 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $140.00, for a total value of $7,000,000.00. Following the completion of the sale, the director directly owned 45,045 shares of the company's stock, valued at $6,306,300. The trade was a 52.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Brunilda Rios sold 6,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were 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. The trade was a 24.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,989,063 shares of company stock worth $1,583,673,412 over the last three months. Insiders own 42.00% of the company's stock.

Analysts Set New Price Targets

DELL has been the topic of a number of research analyst reports. Citigroup raised their target price on Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a report on Monday, August 11th. KeyCorp began coverage on Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Evercore ISI raised their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday. Raymond James Financial raised their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Finally, Wall Street Zen downgraded Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $143.00.

Dell Technologies Stock Down 0.1%

DELL traded down $0.09 during midday trading on Monday, hitting $138.19. 3,201,643 shares of the company were exchanged, compared to its average volume of 7,138,674. The firm has a market capitalization of $93.81 billion, a P/E ratio of 22.04, a P/E/G ratio of 0.97 and a beta of 1.02. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The firm's 50 day moving average price is $126.27 and its 200-day moving average price is $108.98.

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

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was 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).