Wealthfront Advisers LLC Cuts Stock Position in Dell Technologies Inc. (NYSE:DELL)

Wealthfront Advisers LLC reduced its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 6.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,368 shares of the technology company's stock after selling 3,546 shares during the quarter. Wealthfront Advisers LLC's holdings in Dell Technologies were worth $4,864,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after purchasing an additional 901 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at about $237,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of Dell Technologies by 93.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,765 shares of the technology company's stock valued at $1,932,000 after acquiring an additional 8,113 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Dell Technologies by 2.3% in the fourth quarter. Corient Private Wealth LLC now owns 120,269 shares of the technology company's stock worth $12,895,000 after buying an additional 2,653 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in Dell Technologies by 144.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 457 shares of the technology company's stock worth $53,000 after acquiring an additional 270 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total value of $10,803,456.60. Following the completion of the transaction, the insider owned 56,429 shares of the company's stock, valued at $6,682,322.18. The trade was a 61.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the sale, the general counsel directly owned 79,928 shares in the company, valued at $8,697,764.96. This trade represents a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,897,063 shares of company stock valued at $1,570,909,812. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Stock Performance

NYSE:DELL opened at $123.87 on Friday. The stock has a 50-day simple moving average of $116.62 and a 200-day simple moving average of $105.88. The stock has a market cap of $84.09 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.14 and a beta of 1.02. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last posted 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 negative return on equity of 226.48% and a net margin of 4.63%. The business had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter last year, the business earned $1.27 EPS. Dell Technologies's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

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 paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DELL. Raymond James Financial increased their price target on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Mizuho boosted their target price on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. JPMorgan Chase & Co. upped their price objective on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday. Morgan Stanley boosted 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. Finally, Wall Street Zen lowered Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $139.18.

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).

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