Sumitomo Mitsui Trust Group Inc. Raises Position in Dell Technologies Inc. (NYSE:DELL)

Sumitomo Mitsui Trust Group Inc. grew its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 729,511 shares of the technology company's stock after purchasing an additional 2,177 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.10% of Dell Technologies worth $66,495,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Bellwether Advisors LLC bought a new position in Dell Technologies in the fourth quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies in the fourth quarter valued at about $26,000. Crowley Wealth Management Inc. grew its stake in shares of Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after acquiring an additional 150 shares during the period. Finally, McIlrath & Eck LLC grew its stake in Dell Technologies by 155.8% in the 4th quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock valued at $38,000 after buying an additional 201 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DELL. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Wall Street Zen cut Dell Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. Raymond James Financial increased their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Barclays increased their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Finally, KeyCorp initiated coverage on shares of Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating for the company. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Dell Technologies Price Performance

Shares of DELL stock traded up $1.77 during midday trading on Wednesday, reaching $123.50. 3,936,344 shares of the company traded hands, compared to its average volume of 8,762,255. The firm has a market cap of $83.84 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $150.23. The firm's 50 day simple moving average is $109.06 and its two-hundred day simple moving average is $105.11.

Dell Technologies (NYSE:DELL - Get Free Report) last released 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). The firm had revenue of $23.38 billion during the quarter, compared to analyst estimates 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 for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 earnings per share. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.70%. Dell Technologies's payout ratio is 33.49%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 10,681 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the transaction, the director directly owned 938,741 shares in the company, valued at $112,958,704.53. This trade represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brunilda Rios sold 6,000 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.29, for a total transaction of $757,740.00. Following the completion of the sale, the chief accounting officer directly owned 18,948 shares in the company, valued at approximately $2,392,942.92. The trade was a 24.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,113,977 shares of company stock valued at $1,471,321,229 over the last ninety days. Company insiders own 42.00% of the company's stock.

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).