Wakefield Asset Management LLLP Takes $200,000 Position in Dell Technologies Inc. (NYSE:DELL)

Wakefield Asset Management LLLP purchased a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,195 shares of the technology company's stock, valued at approximately $200,000.

A number of other hedge funds also recently bought and sold shares of the company. Wedbush Securities Inc. raised its holdings in Dell Technologies by 12.9% during the first quarter. Wedbush Securities Inc. now owns 37,677 shares of the technology company's stock valued at $3,434,000 after acquiring an additional 4,306 shares during the period. Boyd Watterson Asset Management LLC OH increased its holdings in shares of Dell Technologies by 141.5% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 9,387 shares of the technology company's stock worth $856,000 after buying an additional 5,500 shares during the last quarter. Auto Owners Insurance Co increased its holdings in shares of Dell Technologies by 18,732.9% in 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 last quarter. Quadrant Private Wealth Management LLC bought a new stake in Dell Technologies during the first quarter worth approximately $210,000. Finally, Bank Julius Baer & Co. Ltd Zurich increased its stake in Dell Technologies by 12.8% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 6,603 shares of the technology company's stock worth $602,000 after acquiring an additional 751 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Morgan Stanley upped their target price on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. upped their target price on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Citigroup upped their target price on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Finally, Mizuho upped their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $140.06.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was 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 $105,918,147.03. This trade represents a 35.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 26th. The shares were 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 owned 25,912,241 shares in the company, valued at $3,168,289,707.07. This represents a 27.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,917,063 shares of company stock worth $1,573,509,812. 42.00% of the stock is owned by company insiders.

Dell Technologies Price Performance

NYSE:DELL traded up $2.85 on Friday, reaching $131.20. The stock had a trading volume of 4,298,756 shares, compared to its average volume of 4,652,753. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66. The company has a market cap of $89.06 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 1.06 and a beta of 1.02. The firm's fifty day moving average is $119.18 and its two-hundred day moving average is $106.19.

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 for the quarter, missing the consensus estimate of $1.68 by ($0.13). The company had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.27 earnings per share. As a group, research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal 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 issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.60%. Dell Technologies's payout ratio 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).