Hennion & Walsh Asset Management Inc. Has $4.38 Million Position in Dell Technologies Inc. (NYSE:DELL)

Hennion & Walsh Asset Management Inc. lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 6.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 38,405 shares of the technology company’s stock after selling 2,545 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Dell Technologies were worth $4,382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DELL. Rhumbline Advisers raised its stake in Dell Technologies by 11.3% in the 3rd quarter. Rhumbline Advisers now owns 30,081 shares of the technology company’s stock worth $2,073,000 after purchasing an additional 3,052 shares in the last quarter. Paralel Advisors LLC raised its position in shares of Dell Technologies by 1.1% in the third quarter. Paralel Advisors LLC now owns 47,560 shares of the technology company’s stock valued at $3,277,000 after buying an additional 537 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Dell Technologies by 12.4% in the third quarter. LPL Financial LLC now owns 104,948 shares of the technology company’s stock valued at $7,231,000 after buying an additional 11,564 shares during the period. Mariner LLC grew its position in Dell Technologies by 2.8% during the third quarter. Mariner LLC now owns 50,524 shares of the technology company’s stock worth $3,481,000 after buying an additional 1,378 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Dell Technologies by 11.1% during the 3rd quarter. Northern Trust Corp now owns 1,090,185 shares of the technology company’s stock worth $75,114,000 after acquiring an additional 108,606 shares during the period. Institutional investors own 38.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays cut their price target on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a report on Friday, May 31st. Loop Capital raised their target price on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. TD Cowen boosted their price target on Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a report on Friday, May 31st. UBS Group lifted their target price on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, Sanford C. Bernstein increased their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $135.81.

Insider Activity

In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total value of $13,752,279.45. Following the transaction, the insider now directly owns 356,077 shares in the company, valued at $45,987,344.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the sale, the director now directly owns 114,317 shares in the company, valued at approximately $15,462,517.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the transaction, the insider now owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The disclosure for this sale can be found here. Insiders sold a total of 6,246,728 shares of company stock valued at $842,917,457 in the last ninety days. 46.70% of the stock is currently owned by insiders.

Dell Technologies Stock Performance

Shares of Dell Technologies stock traded down $1.52 during trading hours on Friday, reaching $137.91. The company’s stock had a trading volume of 20,573,566 shares, compared to its average volume of 20,408,352. The company has a market capitalization of $97.82 billion, a P/E ratio of 28.14, a P/E/G ratio of 1.73 and a beta of 0.85. The stock’s fifty day simple moving average is $138.43 and its two-hundred day simple moving average is $109.99. Dell Technologies Inc. has a one year low of $51.80 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The company had revenue of $22.24 billion for the quarter, compared to analyst estimates of $21.70 billion. As a group, research analysts forecast that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be paid a $0.445 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a yield of 1.29%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

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).