Vestmark Advisory Solutions Inc. Buys New Position in Dell Technologies Inc. (NYSE:DELL)

Vestmark Advisory Solutions Inc. purchased a new position in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,724 shares of the technology company’s stock, valued at approximately $361,000.

A number of other large investors also recently modified their holdings of DELL. SG Americas Securities LLC lifted its stake in shares of Dell Technologies by 103.3% in the third quarter. SG Americas Securities LLC now owns 3,099 shares of the technology company’s stock valued at $214,000 after buying an additional 98,158 shares during the period. Commonwealth Equity Services LLC boosted its stake in Dell Technologies by 17.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 87,678 shares of the technology company’s stock valued at $6,041,000 after buying an additional 12,944 shares in the last quarter. Mackenzie Financial Corp grew its position in Dell Technologies by 330.1% in the third quarter. Mackenzie Financial Corp now owns 57,816 shares of the technology company’s stock valued at $3,888,000 after acquiring an additional 44,375 shares during the period. Brighton Jones LLC acquired a new position in Dell Technologies during the third quarter worth $287,000. Finally, Castleview Partners LLC bought a new position in shares of Dell Technologies during the third quarter valued at $39,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Up 3.4 %

Shares of NYSE DELL opened at $129.37 on Tuesday. The firm has a market capitalization of $92.34 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.58 and a beta of 0.87. The firm’s 50-day moving average is $117.20 and its 200-day moving average is $90.78. Dell Technologies Inc. has a 1 year low of $44.19 and a 1 year high of $136.16.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. The firm had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 EPS. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were paid a $0.445 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, April 22nd. This represents a $1.78 annualized dividend and a yield of 1.38%. Dell Technologies’s dividend payout ratio is presently 40.73%.

Insiders Place Their Bets

In related news, CEO Michael S. Dell sold 41,550 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the completion of the transaction, the chief executive officer now owns 36,389,719 shares in the company, valued at $3,894,791,624.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the transaction, the general counsel now owns 86,836 shares in the company, valued at approximately $11,544,846.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 41,550 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $107.03, for a total value of $4,447,096.50. Following the sale, the chief executive officer now directly owns 36,389,719 shares of the company’s stock, valued at $3,894,791,624.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,382,204 shares of company stock worth $718,452,037. Insiders own 48.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Loop Capital started coverage on shares of Dell Technologies in a research report on Wednesday, February 28th. They set a “buy” rating and a $125.00 target price for the company. Evercore ISI raised their price target on Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Sanford C. Bernstein boosted their price objective on Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. TD Cowen lifted their price target on Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, March 1st. Finally, UBS Group increased their price objective on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.63.

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).