Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Cwm LLC

Cwm LLC increased its position in Dell Technologies Inc. (NYSE:DELL) by 127.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,762 shares of the technology company’s stock after buying an additional 14,999 shares during the quarter. Cwm LLC’s holdings in Dell Technologies were worth $3,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of DELL. Kingswood Wealth Advisors LLC lifted its position in shares of Dell Technologies by 158.9% in the second quarter. Kingswood Wealth Advisors LLC now owns 17,318 shares of the technology company’s stock worth $2,388,000 after purchasing an additional 10,630 shares in the last quarter. Mather Group LLC. lifted its position in shares of Dell Technologies by 82.8% during the 2nd quarter. Mather Group LLC. now owns 700 shares of the technology company’s stock worth $97,000 after purchasing an additional 317 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dell Technologies in the second quarter valued at approximately $339,000. Collective Family Office LLC grew its position in Dell Technologies by 13.8% in the 2nd quarter. Collective Family Office LLC now owns 2,475 shares of the technology company’s stock worth $341,000 after purchasing an additional 300 shares during the last quarter. Finally, DNB Asset Management AS raised its holdings in Dell Technologies by 0.8% in the 2nd quarter. DNB Asset Management AS now owns 119,708 shares of the technology company’s stock valued at $16,509,000 after acquiring an additional 977 shares in the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were 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 in the company, valued at $15,462,517.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CMO Jane Tunnell sold 3,624 shares of Dell Technologies stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total value of $529,031.52. Following the completion of the transaction, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the sale, the director now directly owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,058,131 shares of company stock valued at $963,293,619. Company insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group boosted their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Loop Capital lifted their price objective on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Sanford C. Bernstein upped 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. Bank of America lifted their price objective on Dell Technologies from $130.00 to $180.00 and gave the company 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 report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $135.81.

Dell Technologies Stock Down 7.2 %

Dell Technologies stock traded down $6.80 during trading hours on Wednesday, hitting $87.87. The stock had a trading volume of 21,503,674 shares, compared to its average volume of 10,217,779. The business’s 50 day simple moving average is $133.22 and its 200-day simple moving average is $119.99. Dell Technologies Inc. has a one year low of $53.62 and a one year high of $179.70. The stock has a market cap of $62.33 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. The business had revenue of $22.24 billion for the quarter, compared to the consensus estimate of $21.70 billion. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. Research analysts anticipate that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were given a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.03%. 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).