PFG Advisors Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

PFG Advisors bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,783 shares of the technology company’s stock, valued at approximately $204,000.

A number of other large investors also recently modified their holdings of DELL. Jones Financial Companies Lllp bought a new position in shares of Dell Technologies in the fourth quarter valued at $25,000. Massmutual Trust Co. FSB ADV lifted its position in Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares in the last quarter. Anchor Investment Management LLC acquired a new position in Dell Technologies during the 4th quarter valued at about $26,000. Pinnacle Bancorp Inc. increased its holdings in Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after purchasing an additional 188 shares in the last quarter. Finally, Central Bank & Trust Co. purchased a new stake in shares of Dell Technologies in the first quarter worth approximately $34,000. 38.10% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction dated 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 sale, the director now owns 731,612 shares in the company, valued at $116,172,669.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Michael S. Dell sold 2,837,829 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the completion of the transaction, the chief executive officer now owns 20,412,241 shares in the company, valued at approximately $2,730,137,233.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 in the company, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,032,750 shares of company stock worth $959,881,905. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Loop Capital lifted their target price on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Barclays reduced their target price on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday, May 31st. Wells Fargo & Company raised their price target on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Bank of America increased their price objective on shares of Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, TD Cowen boosted their target price on Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $135.81.

Dell Technologies Price Performance

Shares of DELL stock traded down $1.15 on Friday, hitting $139.57. 7,376,405 shares of the stock traded hands, compared to its average volume of 13,810,845. The firm has a market cap of $99.00 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 1.73 and a beta of 0.92. The firm has a 50 day simple moving average of $142.48 and a two-hundred day simple moving average of $115.10. Dell Technologies Inc. has a 52 week low of $52.05 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS 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 business had revenue of $22.24 billion during the quarter, compared to analyst estimates of $21.70 billion. Sell-side analysts forecast that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Dell Technologies Company 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).