FCG Investment Co Has $1.24 Million Stake in Dell Technologies Inc. (NYSE:DELL)

FCG Investment Co increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 24.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,834 shares of the technology company’s stock after purchasing an additional 2,154 shares during the quarter. FCG Investment Co’s holdings in Dell Technologies were worth $1,236,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DELL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Dell Technologies by 449.8% in the 4th 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 last quarter. Morgan Stanley lifted its stake in shares of Dell Technologies by 96.9% in the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock worth $346,137,000 after buying an additional 2,472,866 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Dell Technologies by 1,071.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,213,463 shares of the technology company’s stock worth $92,281,000 after buying an additional 1,109,876 shares during the period. Balyasny Asset Management L.P. grew its stake in Dell Technologies by 2,466.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock valued at $67,810,000 after buying an additional 851,867 shares during the last quarter. Finally, Grand Alliance Asset Management Ltd bought a new position in Dell Technologies in the 4th quarter worth $51,638,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DELL shares. Barclays lowered their price target on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, May 31st. Citigroup raised their price objective on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Sanford C. Bernstein upped their price objective on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Bank of America raised their price objective on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, TD Cowen upped their target price on shares of Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $135.81.

Dell Technologies Stock Performance

NYSE:DELL traded down $0.80 on Thursday, reaching $142.67. The company’s stock had a trading volume of 13,173,317 shares, compared to its average volume of 15,904,707. The firm has a market cap of $101.20 billion, a PE ratio of 29.12, a PEG ratio of 1.78 and a beta of 0.92. The business’s 50-day moving average price is $139.88 and its two-hundred day moving average price is $111.77. Dell Technologies Inc. has a 1-year low of $52.05 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, beating 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, sell-side analysts expect that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.25%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the transaction, the director now owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’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 transaction, the director now owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the sale, the general counsel now owns 86,836 shares in the company, valued at approximately $11,544,846.20. The disclosure for this sale can be found here. Insiders sold a total of 6,097,700 shares of company stock valued at $823,448,406 in the last quarter. 46.70% of the stock is currently owned by insiders.

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).