QRG Capital Management Inc. Increases Stake in Dell Technologies Inc. (NYSE:DELL)

QRG Capital Management Inc. increased its holdings in Dell Technologies Inc. (NYSE:DELL) by 8.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,554 shares of the technology company’s stock after acquiring an additional 1,894 shares during the quarter. QRG Capital Management Inc.’s holdings in Dell Technologies were worth $3,524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. Jones Financial Companies Lllp bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV boosted its position in Dell Technologies by 58.2% during the 1st 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. New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies in the 1st quarter valued at $30,000. Central Bank & Trust Co. bought a new position in shares of Dell Technologies in the 1st quarter worth $34,000. Finally, EntryPoint Capital LLC boosted its position in Dell Technologies by 748.7% during the first quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock valued at $38,000 after purchasing an additional 292 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was 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 of the company’s stock, valued at approximately $116,172,669.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction on 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 sale, the director now owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 1,205,052 shares of the stock in a transaction on Wednesday, June 12th. The shares were 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 in the company, valued at $3,526,705,689.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,058,131 shares of company stock worth $963,293,619. 46.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup increased their price target 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. Morgan Stanley restated an “overweight” rating and set a $155.00 target price on shares of Dell Technologies in a research note on Monday, June 17th. TD Cowen increased their price target on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, May 31st. 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. Finally, Barclays decreased their price objective on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday, May 31st. One investment 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 data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

Dell Technologies Price Performance

NYSE:DELL traded up $1.09 during mid-day trading on Friday, hitting $92.55. The company’s stock had a trading volume of 8,405,010 shares, compared to its average volume of 10,206,317. The business’s fifty day moving average is $128.88 and its two-hundred day moving average is $119.91. The stock has a market cap of $65.65 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.34 and a beta of 0.92. Dell Technologies Inc. has a 1 year low of $53.62 and a 1 year high of $179.70.

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

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

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).