KRS Capital Management LLC Purchases Shares of 2,617 Dell Technologies Inc. (NYSE:DELL)

KRS Capital Management LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,617 shares of the technology company’s stock, valued at approximately $299,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings 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 last quarter. Boston Partners lifted its stake in Dell Technologies by 2.1% during the fourth quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock valued at $733,564,000 after buying an additional 197,435 shares in the last quarter. Morgan Stanley lifted its stake in Dell Technologies by 96.9% during the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock valued at $346,137,000 after buying an additional 2,472,866 shares in the last quarter. Alkeon Capital Management LLC lifted its stake in Dell Technologies by 241.9% during the third quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock valued at $294,453,000 after buying an additional 3,023,625 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Dell Technologies by 14.8% during the fourth 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. 38.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DELL shares. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Wells Fargo & Company lifted their target price on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Sanford C. Bernstein lifted their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Morgan Stanley reissued an “overweight” rating and set a $155.00 target price on shares of Dell Technologies in a research note on Monday, June 17th. Finally, TD Cowen lifted their price objective on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $135.81.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total value of $13,752,279.45. Following the completion of the sale, the insider now owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider William F. Scannell sold 106,483 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the sale, the insider now owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $159,018,661.92. Following the sale, the chief executive officer now directly owns 26,725,566 shares of the company’s stock, valued at approximately $3,526,705,689.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,246,728 shares of company stock valued at $842,917,457. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock traded down $1.52 during trading hours on Friday, reaching $137.91. 20,573,566 shares of the company were exchanged, compared to its average volume of 20,408,352. Dell Technologies Inc. has a fifty-two week low of $51.80 and a fifty-two week high of $179.70. The stock’s fifty day moving average is $138.43 and its two-hundred day moving average is $109.99. The company has a market cap of $97.82 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 1.73 and a beta of 0.85.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The company had revenue of $22.24 billion for the quarter, compared to analyst estimates of $21.70 billion. On average, research analysts anticipate that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s payout ratio is presently 36.33%.

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).