Cwm LLC lowered its position in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 41.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,090 shares of the technology company’s stock after selling 1,496 shares during the period. Cwm LLC’s holdings in Dell Technologies were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allegheny Financial Group LTD bought a new position in Dell Technologies during the 4th quarter worth $25,000. Benjamin Edwards Inc. acquired a new stake in shares of Dell Technologies in the 4th quarter valued at $26,000. Endurance Wealth Management Inc. boosted its holdings in shares of Dell Technologies by 317.8% in the 4th quarter. Endurance Wealth Management Inc. now owns 493 shares of the technology company’s stock valued at $28,000 after purchasing an additional 375 shares in the last quarter. Covestor Ltd acquired a new stake in shares of Dell Technologies during the 4th quarter valued at $31,000. Finally, Avondale Wealth Management acquired a new stake in shares of Dell Technologies during the 1st quarter valued at $31,000. Institutional investors own 30.05% of the company’s stock.
DELL stock opened at $43.14 on Thursday. The stock has a 50-day moving average price of $46.28 and a 200-day moving average price of $51.20. Dell Technologies Inc. has a 1-year low of $38.33 and a 1-year high of $61.54. The company has a current ratio of 0.78, a quick ratio of 0.66 and a debt-to-equity ratio of 2.23. The firm has a market cap of $31.90 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 0.60 and a beta of 0.89.
Dell Technologies (NYSE:DELL – Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The technology company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.45. Dell Technologies had a return on equity of 126.94% and a net margin of 5.29%. The firm had revenue of $26.12 billion during the quarter, compared to analyst estimates of $25.23 billion. During the same period last year, the company posted $2.13 EPS. The business’s quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts forecast that Dell Technologies Inc. will post 6.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Wednesday, July 20th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Tuesday, July 19th. Dell Technologies’s payout ratio is 18.11%.
Several research firms recently weighed in on DELL. Bank of America raised their price objective on Dell Technologies from $65.00 to $67.00 and gave the company a “buy” rating in a report on Friday, May 27th. Morgan Stanley cut their target price 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. Barclays lifted their target price on Dell Technologies from $53.00 to $54.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 31st. KGI Securities began coverage on Dell Technologies in a report on Tuesday, April 19th. They set a “neutral” rating on the stock. Finally, Citigroup cut their target price on Dell Technologies from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, May 23rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $71.77.
In other Dell Technologies news, CAO Brunilda Rios sold 5,969 shares of the business’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $50.95, for a total transaction of $304,120.55. Following the completion of the sale, the chief accounting officer now directly owns 18,985 shares of the company’s stock, valued at approximately $967,285.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 47.30% of the company’s stock.
About Dell Technologies (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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