Ascent Group LLC Has $892,000 Holdings in Dell Technologies Inc. (NYSE:DELL)

Ascent Group LLC boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 1.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,820 shares of the technology company’s stock after buying an additional 120 shares during the period. Ascent Group LLC’s holdings in Dell Technologies were worth $892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DELL. Capital World Investors acquired a new position in Dell Technologies during the 1st quarter valued at $835,946,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Dell Technologies by 449.8% during the 4th 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 during the period. DekaBank Deutsche Girozentrale lifted 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 buying an additional 1,109,876 shares during the period. Assenagon Asset Management S.A. grew its position in Dell Technologies by 311.5% during the first quarter. Assenagon Asset Management S.A. now owns 1,195,871 shares of the technology company’s stock worth $136,461,000 after buying an additional 905,279 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in Dell Technologies by 2,466.2% during 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 during the period. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Stock Down 2.8 %

DELL traded down $3.10 during trading on Tuesday, hitting $108.10. The company’s stock had a trading volume of 3,599,591 shares, compared to its average volume of 10,018,538. The stock has a market capitalization of $76.68 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The firm’s 50 day moving average price is $139.40 and its two-hundred day moving average price is $118.94. Dell Technologies Inc. has a 12 month low of $52.05 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (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 analysts’ expectations of $21.70 billion. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the 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 directly owns 806,352 shares in the company, valued at approximately $108,986,536.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael S. Dell sold 1,340,823 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $133.67, for a total value of $179,227,810.41. Following the transaction, the chief executive officer now directly owns 28,931,999 shares in the company, valued at $3,867,340,306.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $2,221,219.44. Following the sale, the director now directly 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. Insiders sold 7,058,131 shares of company stock worth $963,293,619 in the last quarter. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DELL shares. Sanford C. Bernstein lifted their price objective on Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Evercore ISI reissued an “outperform” rating and issued a $165.00 price target on shares of Dell Technologies in a report on Monday, July 1st. Barclays reduced their price objective on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a report on Friday, May 31st. UBS Group upped their target price on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, Loop Capital raised their price target on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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).