Dell Technologies Inc. (NYSE:DELL) Shares Bought by Valeo Financial Advisors LLC

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

Several other hedge funds have also modified their holdings of the stock. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at $25,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies in the fourth quarter valued at $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in Dell Technologies during the first quarter valued at about $25,000. Crowley Wealth Management Inc. increased its stake in Dell Technologies by 86.2% during the first 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 last quarter. Finally, McIlrath & Eck LLC raised its holdings in shares of Dell Technologies by 155.8% in the 4th quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock worth $38,000 after purchasing an additional 201 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DELL has been the subject of a number of research analyst reports. 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 report on Wednesday, May 21st. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. KeyCorp started coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. Barclays upped their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Finally, UBS Group cut their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $138.00.

Insiders Place Their Bets

In related news, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the sale, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. This represents a 27.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William F. Scannell sold 91,230 shares of Dell Technologies 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,113,977 shares of company stock valued at $1,471,321,229. 42.00% of the stock is owned by company insiders.

Dell Technologies Trading Down 0.8%

DELL stock traded down $1.01 during midday trading on Friday, hitting $126.90. 3,558,127 shares of the company's stock were exchanged, compared to its average volume of 8,617,334. The firm has a 50 day moving average price of $114.25 and a 200-day moving average price of $105.59. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66. The stock has a market capitalization of $86.15 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.17 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last issued 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). The company had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 EPS. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business 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. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.65%. Dell Technologies's payout ratio is 33.49%.

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).