Disciplined Equity Management Inc. Increases Holdings in Dell Technologies Inc. (NYSE:DELL)

Disciplined Equity Management Inc. increased its stake in Dell Technologies Inc. (NYSE:DELL) by 6,106.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 7,510 shares of the technology company’s stock after buying an additional 7,389 shares during the quarter. Disciplined Equity Management Inc.’s holdings in Dell Technologies were worth $857,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in DELL. Raymond James & Associates increased its holdings in Dell Technologies by 27.2% in the 4th quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock worth $20,936,000 after acquiring an additional 58,590 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Dell Technologies by 158.3% in the fourth quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock worth $17,762,000 after purchasing an additional 142,337 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Dell Technologies by 171.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock valued at $1,253,000 after purchasing an additional 10,350 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $410,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Dell Technologies by 1,475.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock worth $22,230,000 after buying an additional 272,144 shares during the period. Institutional investors own 38.10% of the company’s stock.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $144.68, for a total value of $144,680,000.00. Following the completion of the transaction, the director now owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the transaction, the director now owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $144.68, for a total value of $144,680,000.00. Following the sale, the director now owns 770,369 shares of the company’s stock, valued at $111,456,986.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,012,239 shares of company stock valued at $956,883,994. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DELL shares. Barclays decreased 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. TD Cowen raised their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a report on Friday, May 31st. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Morgan Stanley reissued an “overweight” rating and set a $155.00 price objective on shares of Dell Technologies in a research note on Monday, June 17th. Finally, Loop Capital raised 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $135.81.

Dell Technologies Stock Performance

Shares of DELL traded down $5.05 on Thursday, reaching $140.72. The stock had a trading volume of 8,184,471 shares, compared to its average volume of 10,051,078. Dell Technologies Inc. has a 12-month low of $52.05 and a 12-month high of $179.70. The firm has a market capitalization of $99.81 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.92. The company has a 50-day simple moving average of $141.84 and a 200-day simple moving average of $114.21.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $22.24 billion for the quarter, compared to analysts’ expectations 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be issued a $0.445 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a yield of 1.26%. Dell Technologies’s payout ratio is currently 36.33%.

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).