Q Global Advisors LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Q Global Advisors LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,059 shares of the technology company’s stock, valued at approximately $2,147,000. Dell Technologies makes up approximately 1.6% of Q Global Advisors LLC’s holdings, making the stock its 10th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Greenleaf Trust grew its holdings in shares of Dell Technologies by 1.2% in the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock worth $772,000 after purchasing an additional 122 shares during the last quarter. ORG Partners LLC grew its stake in shares of Dell Technologies by 19.0% during the 4th quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after acquiring an additional 140 shares in the last quarter. Eaton Financial Holdings Company LLC grew its stake in shares of Dell Technologies by 2.1% during the 4th quarter. Eaton Financial Holdings Company LLC now owns 6,997 shares of the technology company’s stock worth $535,000 after acquiring an additional 147 shares in the last quarter. Signet Financial Management LLC grew its stake in shares of Dell Technologies by 0.4% during the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock worth $3,083,000 after acquiring an additional 153 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Dell Technologies by 5.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,921 shares of the technology company’s stock valued at $270,000 after buying an additional 188 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insiders Place Their Bets

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the sale, the general counsel now owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the transaction, the director now directly owns 535,816 shares in the company, valued at $71,997,595.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the transaction, the general counsel now owns 86,836 shares in the company, valued at $11,544,846.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,382,204 shares of company stock valued at $718,452,037. Corporate insiders own 48.60% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of several research reports. UBS Group raised their price target on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Loop Capital assumed coverage on Dell Technologies in a research report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 target price on the stock. TD Cowen lifted their price target on Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Morgan Stanley lifted their price objective on Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, JPMorgan Chase & Co. boosted their price target on Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.63.

Dell Technologies Stock Performance

Shares of DELL traded up $0.15 on Friday, reaching $125.06. The stock had a trading volume of 5,512,196 shares, compared to its average volume of 8,052,664. The company has a 50-day simple moving average of $112.60 and a 200-day simple moving average of $88.11. The firm has a market capitalization of $89.27 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 1.58 and a beta of 0.92. Dell Technologies Inc. has a 12-month low of $41.79 and a 12-month high of $136.16.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. The business had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 earnings per share. On average, analysts expect that Dell Technologies Inc. will post 6.58 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be issued a $0.445 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.42%. Dell Technologies’s dividend payout ratio (DPR) is presently 40.73%.

Dell Technologies 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).