3,049 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by Interchange Capital Partners LLC

Interchange Capital Partners LLC bought a new position in Dell Technologies Inc. (NYSE:DELL) in the second quarter, Holdings Channel reports. The firm bought 3,049 shares of the technology company’s stock, valued at approximately $420,000.

Several other hedge funds have also recently made changes to their positions in DELL. Vanguard Group Inc. raised its stake in Dell Technologies by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after acquiring an additional 647,192 shares during the period. Boston Partners raised its position in shares of Dell Technologies by 2.1% in the fourth quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock valued at $733,564,000 after purchasing an additional 197,435 shares during the period. Capital World Investors bought a new position in Dell Technologies in the 1st quarter worth approximately $835,946,000. Point72 Asset Management L.P. grew its stake in Dell Technologies by 14.8% in the 4th quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock valued at $309,458,000 after buying an additional 520,677 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Dell Technologies by 449.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after acquiring an additional 3,038,891 shares during the period. 38.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the completion of the transaction, the director now owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 25,381 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the completion of the transaction, the director now owns 787,669 shares of the company’s stock, valued at $105,878,466.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the completion of the sale, the director now directly owns 114,317 shares in the company, valued at $15,462,517.42. The disclosure for this sale can be found here. Insiders have sold a total of 7,058,131 shares of company stock valued at $963,293,619 in the last quarter. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group cut their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday. Raymond James decreased their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday. Citigroup boosted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday. Evercore ISI reiterated an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a research note on Wednesday. Finally, Wells Fargo & Company reduced their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $132.88.

Dell Technologies Trading Up 4.3 %

Shares of DELL traded up $4.80 during midday trading on Friday, reaching $115.54. The stock had a trading volume of 33,433,633 shares, compared to its average volume of 11,410,623. The company has a market capitalization of $81.95 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 1.43 and a beta of 0.92. Dell Technologies Inc. has a 12-month low of $53.62 and a 12-month high of $179.70. The company’s 50-day moving average is $120.21 and its 200 day moving average is $122.49.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 182.71%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $1.44 earnings per share. Research analysts forecast that Dell Technologies Inc. will post 6.86 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 1.54%. Dell Technologies’s payout ratio is currently 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).