4,400 Shares in Dell Technologies Inc. (NYSE:DELL) Purchased by Deltec Asset Management LLC

Deltec Asset Management LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,400 shares of the technology company’s stock, valued at approximately $502,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DELL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Dell Technologies by 449.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after purchasing an additional 3,038,891 shares during the period. Alkeon Capital Management LLC raised its stake in Dell Technologies by 241.9% during the third quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock worth $294,453,000 after purchasing an additional 3,023,625 shares during the period. Morgan Stanley raised its stake in Dell Technologies by 96.9% during the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock worth $346,137,000 after purchasing an additional 2,472,866 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Dell Technologies by 1,071.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,213,463 shares of the technology company’s stock worth $92,281,000 after purchasing an additional 1,109,876 shares during the period. Finally, Balyasny Asset Management L.P. raised its stake in Dell Technologies by 2,466.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock worth $67,810,000 after purchasing an additional 851,867 shares during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Sanford C. Bernstein boosted their price target on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Citigroup boosted their price target on shares of Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Loop Capital boosted their price target on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Finally, TD Cowen boosted their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

Dell Technologies Stock Down 1.1 %

NYSE DELL traded down $1.52 on Friday, hitting $137.91. 20,573,566 shares of the stock were exchanged, compared to its average volume of 20,408,352. Dell Technologies Inc. has a fifty-two week low of $51.80 and a fifty-two week high of $179.70. The company has a market cap of $97.82 billion, a PE ratio of 28.14, a PEG ratio of 1.71 and a beta of 0.85. The company has a 50-day moving average price of $138.43 and a 200-day moving average price of $110.55.

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

Dell Technologies Dividend Announcement

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

Insider Activity

In other news, insider William F. Scannell sold 106,483 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now owns 356,077 shares in the company, valued at approximately $45,987,344.55. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the sale, the director now owns 114,317 shares in the company, valued at approximately $15,462,517.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William F. Scannell sold 106,483 shares of the company’s stock in a transaction 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 sale, the insider now owns 356,077 shares of the company’s stock, valued at approximately $45,987,344.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,246,728 shares of company stock worth $842,917,457. Corporate insiders own 46.70% of the company’s stock.

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).