Stevens Capital Management LP Takes $333,000 Position in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Stevens Capital Management LP took a new position in Dell Technologies, acquiring 3,649 shares valued at approximately $333,000.
• Insider selling activity was significant, with over 12.9 million shares sold by insiders in the last quarter, totaling around $1.57 billion.
• Dell reported earnings of $1.55 per share, missing estimates, but revenue grew by 5.1% year-over-year to $23.38 billion.

Stevens Capital Management LP acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,649 shares of the technology company's stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DELL. Norges Bank acquired a new position in Dell Technologies during the 4th quarter worth approximately $455,029,000. Michael & Susan Dell Foundation acquired a new position in Dell Technologies during the 4th quarter worth approximately $265,052,000. Janus Henderson Group PLC raised its stake in Dell Technologies by 160.5% during the 4th 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 during the period. Ameriprise Financial Inc. raised its stake in Dell Technologies by 224.4% during the 4th quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock worth $180,257,000 after buying an additional 1,082,087 shares during the period. Finally, Auto Owners Insurance Co raised its stake in Dell Technologies by 18,732.9% during the 1st quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company's stock worth $71,188,000 after buying an additional 776,853 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of the stock in a transaction on 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21. Following the transaction, the director directly owned 938,741 shares of the company's stock, valued at approximately $105,918,147.03. This trade represents a 35.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,917,063 shares of company stock valued at $1,573,509,812 in the last quarter. Insiders own 42.00% of the company's stock.

Analysts Set New Price Targets

DELL has been the topic of a number of research reports. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Bank of America upped their price target on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. UBS Group lowered their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Wall Street Zen downgraded Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Finally, Citigroup increased their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $140.06.

Dell Technologies Stock Up 2.2%

DELL stock opened at $131.20 on Friday. The firm has a market cap of $89.06 billion, a PE ratio of 20.92, a P/E/G ratio of 1.04 and a beta of 1.02. The business has a 50 day moving average of $119.18 and a 200-day moving average of $106.28. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). The business had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The business's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.27 earnings per share. On average, research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed 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. This represents a $2.10 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Dell Technologies Company 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).

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