Valeo Financial Advisors LLC Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

Valeo Financial Advisors LLC grew its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 27.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,708 shares of the technology company's stock after acquiring an additional 2,538 shares during the period. Valeo Financial Advisors LLC's holdings in Dell Technologies were worth $1,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DELL. Bellwether Advisors LLC bought a new position in Dell Technologies in the fourth quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Dell Technologies during the first quarter valued at $25,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies during the fourth quarter valued at $26,000. Crowley Wealth Management Inc. grew its holdings in shares of Dell Technologies by 86.2% during the first 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, Olde Wealth Management LLC acquired a new position in Dell Technologies during the first quarter valued at $32,000. Institutional investors own 76.37% of the company's stock.

Dell Technologies Price Performance

NYSE DELL traded up $1.34 during trading hours on Thursday, hitting $127.97. 5,368,459 shares of the company's stock traded hands, compared to its average volume of 8,626,167. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66. The company has a market capitalization of $86.87 billion, a PE ratio of 20.41, a PEG ratio of 1.15 and a beta of 1.02. The firm's 50-day moving average is $112.89 and its 200-day moving average is $105.57.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data 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). 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 period in the prior year, the company posted $1.27 EPS. The firm's revenue was up 5.1% on a year-over-year basis. Equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's payout ratio is presently 33.49%.

Analyst Ratings Changes

A number of research firms recently issued reports on DELL. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Morgan Stanley increased their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Raymond James Financial increased their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Citigroup increased their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Finally, UBS Group reduced their target price 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. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total value of $78,875,000.00. Following the completion of the transaction, the director owned 960,050 shares of the company's stock, valued at $121,158,310. The trade was a 39.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,113,977 shares of company stock valued at $1,471,321,229 in the last ninety days. Company insiders own 42.00% of the company's stock.

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).