Dell Technologies Inc. (NYSE:DELL) Shares Bought by Patten & Patten Inc. TN

Patten & Patten Inc. TN grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 41.3% during the first quarter, Holdings Channel reports. The firm owned 5,387 shares of the technology company’s stock after acquiring an additional 1,574 shares during the quarter. Patten & Patten Inc. TN’s holdings in Dell Technologies were worth $615,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DELL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Dell Technologies by 449.8% during 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 worth $284,165,000 after purchasing an additional 3,038,891 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Dell Technologies by 1,071.4% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,213,463 shares of the technology company’s stock valued at $92,281,000 after acquiring an additional 1,109,876 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Dell Technologies by 311.5% in the first quarter. Assenagon Asset Management S.A. now owns 1,195,871 shares of the technology company’s stock valued at $136,461,000 after acquiring an additional 905,279 shares in the last quarter. Balyasny Asset Management L.P. raised 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 acquiring an additional 851,867 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Dell Technologies by 303.6% in the first quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock valued at $107,173,000 after acquiring an additional 705,167 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $2.93 during midday trading on Monday, hitting $128.72. 6,250,195 shares of the company’s stock traded hands, compared to its average volume of 10,030,149. The company has a market cap of $91.30 billion, a PE ratio of 26.31, a P/E/G ratio of 1.56 and a beta of 0.92. The firm’s fifty day moving average price is $142.37 and its two-hundred day moving average price is $117.25. Dell Technologies Inc. has a twelve month low of $52.05 and a twelve month high of $179.70.

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

Dell Technologies Dividend Announcement

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 given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.38%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the transaction, the director now owns 731,612 shares in the company, valued at $116,172,669.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Dell Technologies news, CEO Michael S. Dell sold 1,205,052 shares of the business’s stock in a transaction dated 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 in the company, valued at $3,526,705,689.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the transaction, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,058,131 shares of company stock worth $963,293,619. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DELL shares. Loop Capital increased their price objective on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Barclays cut their price target on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday, May 31st. Sanford C. Bernstein raised their price target on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. JPMorgan Chase & Co. raised their price target on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Evercore ISI restated an “outperform” rating and issued a $165.00 price target on shares of Dell Technologies in a research note on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $135.81.

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).