Capital International Ltd. CA Acquires New Shares in Dell Technologies Inc. (NYSE:DELL)

Capital International Ltd. CA purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,751 shares of the technology company’s stock, valued at approximately $3,167,000.

Other hedge funds also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the last quarter. J.P. Marvel Investment Advisors LLC increased its holdings in Dell Technologies by 0.9% in the first 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 during the last quarter. BSW Wealth Partners increased its holdings in Dell Technologies by 0.7% in the first 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 during the last quarter. Greenleaf Trust increased its holdings in Dell Technologies by 1.2% in the fourth quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after buying an additional 122 shares during the last quarter. Finally, ORG Partners LLC increased its holdings in Dell Technologies by 19.0% in the fourth quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock valued at $67,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE DELL traded up $2.16 during midday trading on Friday, hitting $113.59. 8,412,914 shares of the company’s stock were exchanged, compared to its average volume of 10,079,693. Dell Technologies Inc. has a twelve month low of $52.05 and a twelve month high of $179.70. The firm has a market cap of $80.57 billion, a P/E ratio of 23.18, a PEG ratio of 1.44 and a beta of 0.92. The stock’s 50 day moving average price is $140.09 and its 200-day moving average price is $118.15.

Dell Technologies (NYSE:DELL) last announced 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. 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 analysts’ expectations of $21.70 billion. On average, analysts expect that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a yield of 1.57%. Dell Technologies’s payout ratio is 36.33%.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $108,986,536.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Dell Technologies news, CEO Michael S. Dell sold 1,205,052 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $131.96, for a total value of $159,018,661.92. Following the transaction, the chief executive officer now owns 26,725,566 shares of the company’s stock, valued at $3,526,705,689.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 directly owns 806,352 shares in the company, valued at $108,986,536.32. 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 over the last quarter. Corporate insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays decreased their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday, May 31st. JPMorgan Chase & Co. lifted their target price on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Morgan Stanley restated an “overweight” rating and issued a $155.00 target price on shares of Dell Technologies in a research note on Monday, June 17th. Sanford C. Bernstein lifted their target price on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Finally, Citigroup lifted their target price on Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.81.

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).