XTX Topco Ltd Buys Shares of 43,568 Dell Technologies Inc. (NYSE:DELL)

Key Points

• XTX Topco Ltd acquired 43,568 shares of Dell Technologies, worth approximately $3.97 million, as reported in their Form 13F filing with the SEC.
• Analysts have been optimistic about Dell, with target prices raised by firms like Citigroup to $135.00 and JPMorgan Chase to $145.00, indicating a general consensus rating of "Moderate Buy."
• Dell Technologies will pay a quarterly dividend of $0.525 to shareholders of record on July 22, providing an annualized dividend yield of 1.57%.

XTX Topco Ltd purchased a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 43,568 shares of the technology company's stock, valued at approximately $3,971,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Capital Wealth Advisors grew its position in shares of Dell Technologies by 5.9% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after purchasing an additional 100 shares in the last quarter. OneAscent Financial Services LLC lifted its position in Dell Technologies by 3.4% during the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock worth $345,000 after acquiring an additional 125 shares during the period. MRP Capital Investments LLC lifted its holdings in shares of Dell Technologies by 0.8% in the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company's stock valued at $1,365,000 after buying an additional 125 shares during the period. Greenleaf Trust increased its stake in shares of Dell Technologies by 1.4% in the 1st quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock valued at $927,000 after purchasing an additional 136 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Dell Technologies by 32.9% during the first quarter. First Horizon Advisors Inc. now owns 586 shares of the technology company's stock valued at $53,000 after acquiring an additional 145 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21. Following the sale, the director owned 938,741 shares of the company's stock, valued at $105,918,147.03. The trade was a 35.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the sale, the insider directly owned 56,429 shares in the company, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,947,063 shares of company stock worth $1,577,559,812. Insiders own 42.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DELL shares. Bank of America increased their price objective on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. KeyCorp started coverage on Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. Barclays raised their price target on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. JPMorgan Chase & Co. raised their price objective on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.06.

Dell Technologies Price Performance

Shares of DELL stock traded down $0.83 on Thursday, hitting $132.71. The company's stock had a trading volume of 3,858,859 shares, compared to its average volume of 4,457,491. The stock has a market capitalization of $90.09 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 1.08 and a beta of 1.02. The firm's fifty day moving average price is $120.39 and its 200-day moving average price is $106.61. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week 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 company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal 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 issued 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 1.6%. Dell Technologies's payout ratio is presently 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).