Sowell Financial Services LLC Purchases 5,677 Shares of Dell Technologies Inc. (NYSE:DELL)

Sowell Financial Services LLC raised its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 44.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,436 shares of the technology company's stock after purchasing an additional 5,677 shares during the period. Sowell Financial Services LLC's holdings in Dell Technologies were worth $1,680,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DELL. Bellwether Advisors LLC acquired a new position in Dell Technologies during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth about $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies during the 4th quarter valued at approximately $26,000. Crowley Wealth Management Inc. grew 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 buying an additional 150 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its position in Dell Technologies by 204.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company's stock worth $38,000 after buying an additional 221 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of NYSE:DELL traded up $0.64 during midday trading on Thursday, reaching $116.57. The company's stock had a trading volume of 4,662,642 shares, compared to its average volume of 9,108,224. The business's fifty day simple moving average is $102.30 and its 200-day simple moving average is $105.30. The company has a market capitalization of $79.13 billion, a P/E ratio of 18.59, a P/E/G ratio of 1.08 and a beta of 1.01. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $161.52.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (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 quarter in the previous year, the company posted $1.27 earnings per share. Dell Technologies's revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.80%. Dell Technologies's payout ratio is 33.49%.

Insiders Place Their Bets

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 stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the transaction, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,379,092 shares of company stock valued at $156,638,174. 42.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DELL shares. JPMorgan Chase & Co. raised their price objective on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Raymond James Financial boosted their price objective 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 reduced their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, May 30th. TD Cowen lifted their price objective on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Finally, Loop Capital cut their target price 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. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

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).