Redpoint Investment Management Pty Ltd increased its stake in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 34.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 7,272 shares of the technology company’s stock after acquiring an additional 1,880 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Dell Technologies were worth $365,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Abacus Planning Group Inc. acquired a new position in Dell Technologies during the 1st quarter worth approximately $230,000. Avondale Wealth Management acquired a new position in Dell Technologies during the 1st quarter worth approximately $31,000. Bowling Portfolio Management LLC lifted its position in Dell Technologies by 59.0% during the 1st quarter. Bowling Portfolio Management LLC now owns 30,510 shares of the technology company’s stock worth $1,531,000 after acquiring an additional 11,319 shares in the last quarter. Fieldpoint Private Securities LLC raised its position in shares of Dell Technologies by 5,070.0% in the 1st quarter. Fieldpoint Private Securities LLC now owns 1,551 shares of the technology company’s stock valued at $78,000 after purchasing an additional 1,521 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Dell Technologies by 242.8% in the 1st quarter. Pacer Advisors Inc. now owns 1,421,796 shares of the technology company’s stock valued at $71,360,000 after purchasing an additional 1,007,032 shares in the last quarter. 30.05% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CAO Brunilda Rios sold 5,789 shares of the stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $48.00, for a total value of $277,872.00. Following the completion of the transaction, the chief accounting officer now owns 24,954 shares of the company’s stock, valued at $1,197,792. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Howard D. Elias sold 67,613 shares of the stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $54.67, for a total value of $3,696,402.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,263 shares of company stock valued at $7,362,063. 47.30% of the stock is owned by company insiders.
A number of brokerages have issued reports on DELL. Raymond James cut their target price on Dell Technologies from $60.00 to $57.00 and set an “outperform” rating on the stock in a research report on Monday, February 28th. Evercore ISI raised Dell Technologies from an “in-line” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Tuesday, March 8th. The Goldman Sachs Group lowered Dell Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $68.00 to $61.00 in a research report on Friday, April 1st. 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 research report on Friday, May 27th. Finally, Bank of America upped their target price on Dell Technologies from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, May 27th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.77.
Shares of DELL opened at $50.25 on Friday. The company has a market cap of $37.16 billion, a P/E ratio of 6.89, a PEG ratio of 0.70 and a beta of 0.89. The stock has a fifty day moving average price of $47.10 and a 200 day moving average price of $52.19. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.78 and a quick ratio of 0.66. Dell Technologies Inc. has a 12 month low of $38.33 and a 12 month high of $61.54.
Dell Technologies (NYSE:DELL – Get Rating) last issued its quarterly earnings data on Thursday, May 26th. The technology company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.45. The firm had revenue of $26.12 billion during the quarter, compared to the consensus estimate of $25.23 billion. Dell Technologies had a return on equity of 126.94% and a net margin of 5.29%. The firm’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 EPS. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.01 earnings per share for the current 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 2.63%. Dell Technologies’s payout ratio is currently 18.11%.
Dell Technologies 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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