Atomi Financial Group Inc. Grows Position in Dell Technologies Inc. (NYSE:DELL)

Atomi Financial Group Inc. lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 19.4% in the first quarter, HoldingsChannel.com reports. The firm owned 5,913 shares of the technology company’s stock after acquiring an additional 961 shares during the quarter. Atomi Financial Group Inc.’s holdings in Dell Technologies were worth $675,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DELL. Raymond James & Associates lifted its stake in Dell Technologies by 27.2% during 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 in the last quarter. Nordea Investment Management AB raised its position in Dell Technologies by 158.3% in the 4th quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock valued at $17,762,000 after purchasing an additional 142,337 shares in the last quarter. Los Angeles Capital Management LLC raised its position in Dell Technologies by 171.7% in the 4th 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 in the last quarter. Aigen Investment Management LP acquired a new stake in Dell Technologies in the 4th quarter valued at about $410,000. Finally, Assenagon Asset Management S.A. raised its position 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 valued at $22,230,000 after purchasing an additional 272,144 shares in the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DELL shares. Sanford C. Bernstein increased their price target on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. Evercore ISI reissued an “outperform” rating and set a $165.00 target price on shares of Dell Technologies in a research report on Monday, July 1st. UBS Group raised their target price on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. raised their price target on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Finally, Barclays lowered their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday, May 31st. One 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.81.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the sale, the director now owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related 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 value of $61,799,321.31. Following the transaction, the director now owns 731,612 shares in the company, valued at $116,172,669.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.52. Following the sale, the chief marketing officer now owns 89,294 shares in the company, valued at approximately $13,035,138.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,032,750 shares of company stock valued at $959,881,905. Company insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 1.9 %

Shares of NYSE DELL traded down $2.68 during trading on Monday, reaching $136.89. The company had a trading volume of 5,771,900 shares, compared to its average volume of 9,996,470. Dell Technologies Inc. has a twelve month low of $52.05 and a twelve month high of $179.70. The stock has a market capitalization of $97.10 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. The stock has a 50-day moving average price of $142.48 and a two-hundred day moving average price of $115.37.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The business had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

About Dell Technologies

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).