XML Financial LLC Acquires Shares of 4,620 Dell Technologies Inc. (NYSE:DELL)

XML Financial LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,620 shares of the technology company's stock, valued at approximately $421,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after purchasing an additional 901 shares in the last quarter. Sigma Planning Corp grew its stake in shares of Dell Technologies by 25.1% in the 4th quarter. Sigma Planning Corp now owns 9,823 shares of the technology company's stock worth $1,132,000 after buying an additional 1,972 shares during the last quarter. Pinnacle Financial Partners Inc bought a new position in Dell Technologies during the 4th quarter valued at approximately $221,000. Howard Capital Management Inc. raised its stake in Dell Technologies by 154.6% during the fourth quarter. Howard Capital Management Inc. now owns 4,313 shares of the technology company's stock valued at $497,000 after buying an additional 2,619 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Dell Technologies by 10.2% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,856 shares of the technology company's stock worth $5,861,000 after acquiring an additional 4,700 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Down 1.5%

NYSE:DELL traded down $1.86 on Friday, hitting $124.12. The stock had a trading volume of 7,221,594 shares, compared to its average volume of 8,870,313. The business's 50-day simple moving average is $106.72 and its two-hundred day simple moving average is $105.10. The stock has a market cap of $84.26 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $150.23.

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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $23.17 billion. During the same period in the previous year, the business posted $1.27 EPS. The business's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.69%. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 10,681 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total value of $1,285,244.73. Following the completion of the transaction, the director now directly owns 938,741 shares in the company, valued at $112,958,704.53. This represents a 1.13% 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, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the sale, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,482,977 shares of company stock worth $168,988,489. Corporate insiders own 42.00% of the company's stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. KeyCorp initiated coverage on shares of Dell Technologies in a report on Thursday. They issued a "sector weight" rating for the company. Loop Capital cut their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Wells Fargo & Company cut their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

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).