Leo Brokerage LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL – Get Rating) during the first quarter, Holdings Channel.com reports. The fund purchased 7,092 shares of the technology company's stock, valued at approximately $356,000.
A number of other hedge funds also recently modified their holdings of DELL. National Bank of Canada FI purchased a new position in Dell Technologies in the 4th quarter valued at approximately $619,000. New York State Teachers Retirement System grew its stake in Dell Technologies by 31.3% in the 4th quarter. New York State Teachers Retirement System now owns 23,500 shares of the technology company's stock valued at $1,320,000 after buying an additional 5,600 shares in the last quarter. CVA Family Office LLC grew its stake in Dell Technologies by 68.8% in the 4th quarter. CVA Family Office LLC now owns 589 shares of the technology company's stock valued at $33,000 after buying an additional 240 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in Dell Technologies by 26.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 7,507 shares of the technology company's stock valued at $422,000 after buying an additional 1,588 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in Dell Technologies by 74.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,668 shares of the technology company's stock valued at $150,000 after buying an additional 1,141 shares in the last quarter. Institutional investors own 30.05% of the company's stock.
Get Dell Technologies alerts:Insider Activity
In other news, CAO Brunilda Rios sold 5,969 shares of the company's stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $50.95, for a total transaction of $304,120.55. Following the completion of the transaction, the chief accounting officer now directly owns 18,985 shares of the company's stock, valued at $967,285.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 47.30% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Dell Technologies from $65.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, May 27th. Raymond James reduced their price target on shares of Dell Technologies from $58.00 to $54.00 in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of Dell Technologies from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday, July 14th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Dell Technologies from $65.00 to $60.00 in a research report on Friday, May 27th. Finally, Morgan Stanley reduced their price target on shares of Dell Technologies from $60.00 to $56.00 and set an "equal weight" rating for the company in a research report on Friday, May 27th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and an average price target of $71.15.Dell Technologies Stock Performance
Dell Technologies stock opened at $43.34 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.78 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $32.05 billion, a PE ratio of 5.95, a P/E/G ratio of 0.62 and a beta of 0.89. The firm has a fifty day simple moving average of $46.05 and a two-hundred day simple moving average of $50.55. Dell Technologies Inc. has a twelve month low of $38.33 and a twelve month high of $61.54.
Dell Technologies (NYSE:DELL – Get Rating) last posted its quarterly earnings results on Thursday, May 26th. The technology company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.52. The business had revenue of $26.12 billion during the quarter, compared to the consensus estimate of $25.23 billion. Dell Technologies had a net margin of 5.29% and a return on equity of 126.94%. The firm's revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 earnings per share. Research analysts expect that Dell Technologies Inc. will post 5.99 EPS for the current year.
Dell Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Wednesday, July 20th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Tuesday, July 19th. Dell Technologies's dividend payout ratio (DPR) is 18.11%.
Dell Technologies Company Profile
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Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.
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