Lbp Am Sa Buys 7,367 Shares of Dell Technologies Inc. (NYSE:DELL)

Lbp Am Sa raised its stake in Dell Technologies Inc. (NYSE:DELL) by 34.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,066 shares of the technology company’s stock after purchasing an additional 7,367 shares during the period. Lbp Am Sa’s holdings in Dell Technologies were worth $3,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its stake in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares in the last quarter. Central Bank & Trust Co. purchased a new position in Dell Technologies during the 1st quarter worth $34,000. Jones Financial Companies Lllp acquired a new stake in Dell Technologies in the fourth quarter worth about $25,000. EntryPoint Capital LLC grew its position in Dell Technologies by 748.7% during the 1st quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock worth $38,000 after purchasing an additional 292 shares during the last quarter. Finally, Pinnacle Bancorp Inc. raised its holdings in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after buying an additional 188 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Down 4.6 %

DELL traded down $5.25 during midday trading on Thursday, hitting $108.43. 8,370,499 shares of the company traded hands, compared to its average volume of 10,072,956. The business has a 50 day simple moving average of $137.95 and a two-hundred day simple moving average of $119.11. Dell Technologies Inc. has a 52-week low of $52.05 and a 52-week high of $179.70. The company has a market capitalization of $76.91 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.34 and a beta of 0.92.

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 the consensus estimate of $1.00 by $0.04. The company had revenue of $22.24 billion for the quarter, compared to analysts’ expectations of $21.70 billion. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. Equities 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 disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.64%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s payout ratio is currently 36.33%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DELL shares. Sanford C. Bernstein raised their target price on Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. TD Cowen upped their target price on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, May 31st. UBS Group raised their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. 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 report on Monday, May 20th. Finally, Citigroup boosted their target price on shares of Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $135.81.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 1,205,052 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were 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 owns 26,725,566 shares of the company’s stock, valued at approximately $3,526,705,689.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, 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 sale, the director now directly owns 731,612 shares in the company, valued at approximately $116,172,669.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Dell sold 1,205,052 shares of the stock in a transaction dated 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 transaction, 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. Insiders have sold 7,058,131 shares of company stock valued at $963,293,619 over the last ninety days. Company insiders own 46.70% of the company’s stock.

About Dell Technologies

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).