Watts Gwilliam & Co. LLC Has $1.55 Million Holdings in Dell Technologies Inc. $DELL

Key Points

• Watts Gwilliam & Co. LLC increased its holdings in Dell Technologies by 19.4% in the first quarter, owning 17,009 shares valued at approximately $1.55 million.
• Dell Technologies reported earnings of $1.55 per share, missing the consensus estimate, but achieved revenue of $23.38 billion, exceeding expectations.
• Insider William F. Scannell sold 91,230 shares of Dell stock, and CEO Michael S. Dell sold 10 million shares, indicating significant insider transactions during the past quarter.

Watts Gwilliam & Co. LLC grew its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 19.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,009 shares of the technology company's stock after buying an additional 2,763 shares during the quarter. Watts Gwilliam & Co. LLC's holdings in Dell Technologies were worth $1,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Bellwether Advisors LLC acquired a new stake in Dell Technologies in the 4th quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Dell Technologies during the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of Dell Technologies in the first quarter valued at $26,000. Cheviot Value Management LLC acquired a new position in shares of Dell Technologies in the first quarter valued at $27,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after purchasing an additional 222 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of DELL stock opened at $138.27 on Monday. The stock's fifty day moving average is $125.79 and its 200-day moving average is $108.74. The stock has a market capitalization of $93.86 billion, a PE ratio of 22.05, a PEG ratio of 0.97 and a beta of 1.02. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. Dell Technologies's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.27 EPS. As a group, analysts forecast 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 was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.5%. Dell Technologies's dividend payout ratio is presently 33.49%.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of analyst reports. Bank of America upped their price target on Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Susquehanna reiterated a "neutral" rating and issued a $125.00 price target on shares of Dell Technologies in a research report on Wednesday. KeyCorp initiated coverage on Dell Technologies in a research report on Thursday, June 26th. They issued a "sector weight" rating on the stock. TD Cowen upped their price target on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Finally, Citigroup upped their price target on Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $143.00.

Insider Transactions at Dell Technologies

In other news, insider William F. Scannell sold 91,230 shares of the firm's stock in a transaction dated 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 sale, the insider owned 56,429 shares of the company's stock, valued at $6,682,322.18. This trade represents a 61.78% 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 the firm's stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,989,063 shares of company stock valued at $1,583,673,412. Corporate insiders own 42.00% of the company's stock.

Dell Technologies 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).

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