Dell Technologies Inc. (NYSE:DELL) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its position in shares of Dell Technologies Inc. (NYSE:DELL) by 1.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 404,630 shares of the technology company’s stock after selling 6,690 shares during the quarter. Primecap Management Co. CA’s holdings in Dell Technologies were worth $36,882,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DELL. Exchange Traded Concepts LLC increased its stake in Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company’s stock worth $224,000 after acquiring an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Dell Technologies by 44.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company’s stock worth $238,000 after purchasing an additional 809 shares during the period. Mather Group LLC. increased its position in shares of Dell Technologies by 113.3% during the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company’s stock worth $95,000 after purchasing an additional 554 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Dell Technologies by 54.6% in the first quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company’s stock valued at $402,000 after buying an additional 1,558 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Dell Technologies by 9.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company’s stock worth $5,417,000 after buying an additional 4,977 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $128.12 on Thursday. The business has a 50-day simple moving average of $121.80 and a 200-day simple moving average of $107.16. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66. The company has a market cap of $86.97 billion, a PE ratio of 20.43, a P/E/G ratio of 1.06 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter last year, the firm earned $1.27 EPS. The company’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were paid a $0.525 dividend. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. Dell Technologies’s dividend payout ratio (DPR) is currently 33.49%.

Insider Buying and Selling

In other news, CEO Michael S. Dell sold 10,000,000 shares of the company’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,912,241 shares of the company’s stock, valued at approximately $3,168,289,707.07. This represents a 27.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William D. Green sold 30,000 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $135.00, for a total value of $4,050,000.00. Following the completion of the transaction, the director owned 45,045 shares in the company, valued at approximately $6,081,075. The trade was a 39.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,947,063 shares of company stock valued at $1,577,559,812 over the last 90 days. 42.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DELL shares. Morgan Stanley lifted their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their target price on shares of Dell Technologies from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Evercore ISI reissued an “outperform” rating on shares of Dell Technologies in a research report on Thursday, May 29th. Mizuho raised their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th. Finally, Bank of America lifted their price objective on Dell Technologies from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $140.06.

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).