Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Cwm LLC

Cwm LLC boosted its stake in Dell Technologies Inc. (NYSE:DELL) by 127.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,762 shares of the technology company’s stock after acquiring an additional 14,999 shares during the period. Cwm LLC’s holdings in Dell Technologies were worth $3,691,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors purchased a new stake in shares of Dell Technologies during the first quarter worth approximately $835,946,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Dell Technologies by 449.8% in the fourth 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 in the last quarter. DekaBank Deutsche Girozentrale increased its position in Dell Technologies by 83.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after purchasing an additional 1,011,512 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Dell Technologies by 311.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,195,871 shares of the technology company’s stock valued at $136,461,000 after buying an additional 905,279 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Dell Technologies by 2,466.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock valued at $67,810,000 after buying an additional 851,867 shares in the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on DELL. Evercore ISI restated an “outperform” rating and set a $165.00 target price on shares of Dell Technologies in a research report on Monday, July 1st. Loop Capital increased their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. boosted their price target on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Citigroup lifted their price objective on Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Finally, Wells Fargo & Company upped their target price on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.81.

Dell Technologies Price Performance

DELL stock traded down $6.80 during midday trading on Wednesday, hitting $87.87. The stock had a trading volume of 21,503,674 shares, compared to its average volume of 10,217,779. The company’s 50-day moving average price is $133.22 and its 200 day moving average price is $119.99. The firm has a market cap of $62.33 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.34 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.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating 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 business had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were given a $0.445 dividend. The ex-dividend date was Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 2.03%. Dell Technologies’s dividend payout ratio is presently 36.33%.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of Dell Technologies 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 in the company, valued at $108,986,536.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Michael S. Dell sold 1,205,052 shares of the 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 completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $135.16, for a total value of $2,221,219.44. Following the completion of the sale, the director now owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,058,131 shares of company stock valued at $963,293,619. Insiders own 46.70% of the company’s stock.

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).