Highland Capital Management LLC Increases Stock Position in Dell Technologies Inc. (NYSE:DELL)

Highland Capital Management LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 103.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,933 shares of the technology company’s stock after acquiring an additional 4,540 shares during the period. Highland Capital Management LLC’s holdings in Dell Technologies were worth $1,019,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DELL. Massmutual Trust Co. FSB ADV increased its position in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. BSW Wealth Partners increased its position in Dell Technologies by 0.7% during the 1st quarter. BSW Wealth Partners now owns 16,765 shares of the technology company’s stock worth $1,913,000 after purchasing an additional 114 shares in the last quarter. Greenleaf Trust grew its holdings in Dell Technologies by 1.2% in the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after buying an additional 122 shares during the period. ORG Partners LLC grew its holdings in Dell Technologies by 19.0% in the 4th quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock valued at $67,000 after buying an additional 140 shares during the period. Finally, Eaton Financial Holdings Company LLC grew its holdings in Dell Technologies by 2.1% in the 4th quarter. Eaton Financial Holdings Company LLC now owns 6,997 shares of the technology company’s stock valued at $535,000 after buying an additional 147 shares during the period. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on DELL shares. Loop Capital lifted their price target on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Bank of America lifted their price target on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. UBS Group lifted their price target on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Evercore ISI reiterated an “outperform” rating and set a $165.00 target price on shares of Dell Technologies in a report on Monday, July 1st. Finally, Wells Fargo & Company boosted their target price on Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

Dell Technologies Price Performance

Dell Technologies stock traded down $1.15 during midday trading on Friday, hitting $139.57. 7,376,405 shares of the company were exchanged, compared to its average volume of 13,810,845. The company’s fifty day moving average price is $142.48 and its 200-day moving average price is $115.10. The company has a market cap of $99.00 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. Dell Technologies Inc. has a fifty-two week low of $52.05 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) 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. On average, analysts expect that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Insider Buying and Selling at Dell Technologies

In related news, CEO Michael S. Dell sold 1,205,052 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the sale, the chief executive officer now directly owns 26,725,566 shares of the company’s stock, valued at approximately $3,526,705,689.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the sale, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 1,205,052 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $131.96, for a total value of $159,018,661.92. Following the sale, the chief executive officer now directly owns 26,725,566 shares in the company, valued at $3,526,705,689.36. The disclosure for this sale can be found here. Insiders have sold a total of 7,032,750 shares of company stock valued at $959,881,905 in the last three months. Corporate insiders own 46.70% of the company’s stock.

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).