LRI Investments LLC Acquires 2,400 Shares of Dell Technologies Inc. (NYSE:DELL)

LRI Investments LLC lifted its holdings in Dell Technologies Inc. (NYSE:DELL) by 18,461.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,413 shares of the technology company’s stock after acquiring an additional 2,400 shares during the period. LRI Investments LLC’s holdings in Dell Technologies were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. GPS Wealth Strategies Group LLC raised its position in shares of Dell Technologies by 1.4% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after acquiring an additional 80 shares in the last quarter. Massmutual Trust Co. FSB ADV increased 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 buying an additional 82 shares in the last quarter. J.P. Marvel Investment Advisors LLC increased its position in Dell Technologies by 0.9% in the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock valued at $1,242,000 after buying an additional 98 shares in the last quarter. BSW Wealth Partners increased its position in Dell Technologies by 0.7% in the 1st quarter. BSW Wealth Partners now owns 16,765 shares of the technology company’s stock valued at $1,913,000 after buying an additional 114 shares in the last quarter. Finally, M3 Advisory Group LLC increased its position in Dell Technologies by 3.4% in the 2nd quarter. M3 Advisory Group LLC now owns 3,557 shares of the technology company’s stock valued at $491,000 after buying an additional 117 shares in the last quarter. 38.10% of the stock is owned by institutional investors.

Dell Technologies Stock Up 2.8 %

Shares of NYSE DELL opened at $112.01 on Friday. Dell Technologies Inc. has a twelve month low of $53.62 and a twelve month high of $179.70. The stock’s 50 day moving average price is $123.67 and its 200-day moving average price is $121.53. The company has a market capitalization of $79.45 billion, a PE ratio of 22.86, a PEG ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its earnings results 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 negative return on equity of 173.72% and a net margin of 4.00%. The firm had revenue of $22.24 billion for the quarter, compared to the consensus estimate of $21.70 billion. As a group, research analysts expect that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were paid a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 annualized dividend and a yield of 1.59%. Dell Technologies’s payout ratio is 36.33%.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $135.16, for a total value of $2,221,219.44. Following the transaction, the director now owns 806,352 shares in the company, valued at $108,986,536.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the sale, the director now owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Dell sold 1,205,052 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the sale, the chief executive officer now directly owns 26,725,566 shares in the company, valued at approximately $3,526,705,689.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,058,131 shares of company stock worth $963,293,619. Insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DELL shares. TD Cowen boosted their target price on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, May 31st. Morgan Stanley decreased their target price on Dell Technologies from $155.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Evercore ISI cut their price target on Dell Technologies from $165.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Barclays upgraded Dell Technologies from an “underweight” rating to an “equal weight” rating and set a $97.00 price target for the company in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.38.

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).