Strategic Investment Advisors MI lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 37.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,874 shares of the technology company's stock after selling 4,146 shares during the quarter. Strategic Investment Advisors MI's holdings in Dell Technologies were worth $627,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of DELL. Exchange Traded Concepts LLC grew its position in Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock worth $224,000 after buying an additional 506 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Dell Technologies by 44.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after acquiring an additional 809 shares during the last quarter. Jones Financial Companies Lllp grew 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Dell Technologies by 8.7% in 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 last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Dell Technologies by 36.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 128,788 shares of the technology company's stock valued at $11,739,000 after purchasing an additional 34,453 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.
Dell Technologies Trading Down 0.1%
DELL stock opened at $120.41 on Thursday. The firm's 50-day moving average price is $105.90 and its two-hundred day moving average price is $105.09. The stock has a market capitalization of $81.74 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.11 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 announced its quarterly 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 net margin of 4.63% and a negative return on equity of 226.48%. The business had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.
Dell Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.
Wall Street Analyst Weigh In
A number of research firms have commented on DELL. Mizuho boosted their price target 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. Raymond James Financial upped their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Barclays increased their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Morgan Stanley lifted their price target on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $138.00.
Check Out Our Latest Stock Analysis on DELL
Insider Activity at Dell Technologies
In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm'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 completion of the sale, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was 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. Insiders have sold a total of 1,470,322 shares of company stock worth $167,441,630 over the last quarter. Corporate insiders own 42.00% of the company's stock.
Dell Technologies Profile
(
Free Report)
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).
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Dell Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dell Technologies wasn't on the list.
While Dell Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
