AE Wealth Management LLC Raises Stake in Dell Technologies Inc. (NYSE:DELL)
AE Wealth Management LLC raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,411 shares of the technology company’s stock after buying an additional 909 shares during the period. AE Wealth Management LLC’s holdings in Dell Technologies were worth $723,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its holdings in shares of Dell Technologies by 65.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 11,836 shares of the technology company’s stock valued at $664,000 after acquiring an additional 4,668 shares in the last quarter. Congress Wealth Management LLC DE acquired a new stake in shares of Dell Technologies in the fourth quarter valued at about $262,000. Third Point LLC raised its holdings in shares of Dell Technologies by 7.1% during the 4th quarter. Third Point LLC now owns 3,600,000 shares of the technology company’s stock valued at $202,212,000 after buying an additional 240,000 shares during the period. Brown Advisory Inc. lifted its position in Dell Technologies by 1,368.0% during the 4th quarter. Brown Advisory Inc. now owns 31,930 shares of the technology company’s stock worth $1,794,000 after acquiring an additional 29,755 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. grew its position in Dell Technologies by 61.7% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 97,864 shares of the technology company’s stock valued at $5,497,000 after acquiring an additional 37,344 shares in the last quarter. Institutional investors own 30.05% of the company’s stock.
A number of research firms recently weighed in on DELL. KGI Securities started coverage on shares of Dell Technologies in a report on Tuesday, April 19th. They set a “neutral” rating for the company. The Goldman Sachs Group lowered Dell Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $68.00 to $61.00 in a research report on Friday, April 1st. Deutsche Bank Aktiengesellschaft reduced their price target on Dell Technologies from $65.00 to $60.00 in a report on Friday, May 27th. Morgan Stanley dropped their price objective on Dell Technologies from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, May 27th. Finally, Bank of America raised their price target on shares of Dell Technologies from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, May 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $71.77.
Shares of NYSE:DELL opened at $42.94 on Friday. The company’s fifty day moving average is $46.67 and its two-hundred day moving average is $51.56. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.66 and a current ratio of 0.78. Dell Technologies Inc. has a 1-year low of $38.33 and a 1-year high of $61.54. The stock has a market capitalization of $31.75 billion, a price-to-earnings ratio of 5.89, a price-to-earnings-growth ratio of 0.60 and a beta of 0.89.
Dell Technologies (NYSE:DELL – Get Rating) last issued its earnings results on Thursday, May 26th. The technology company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.45. The firm had revenue of $26.12 billion for the quarter, compared to analysts’ expectations of $25.23 billion. Dell Technologies had a net margin of 5.29% and a return on equity of 126.94%. Dell Technologies’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the company posted $2.13 earnings per share. Sell-side analysts expect that Dell Technologies Inc. will post 6.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Wednesday, July 20th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, July 19th. This represents a $1.32 dividend on an annualized basis and a yield of 3.07%. Dell Technologies’s payout ratio is currently 18.11%.
In related news, CAO Brunilda Rios sold 5,969 shares of Dell Technologies stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $50.95, for a total value of $304,120.55. Following the sale, the chief accounting officer now directly owns 18,985 shares in the company, valued at approximately $967,285.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 47.30% of the stock is owned by company insiders.
Dell Technologies Company Profile (Get Rating)
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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