Silver Lake Advisory LLC Invests $740,000 in Dell Technologies Inc. (NYSE:DELL)

Silver Lake Advisory LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,367 shares of the technology company’s stock, valued at approximately $740,000.

Several other hedge funds and other institutional investors have also modified their holdings of DELL. Hamilton Lane Advisors LLC purchased a new position in Dell Technologies in the second quarter valued at $3,568,000. Westside Investment Management Inc. boosted its holdings in Dell Technologies by 1,144.1% in the second quarter. Westside Investment Management Inc. now owns 1,468 shares of the technology company’s stock valued at $202,000 after purchasing an additional 1,350 shares during the period. KRS Capital Management LLC boosted its holdings in Dell Technologies by 149.4% in the second quarter. KRS Capital Management LLC now owns 6,527 shares of the technology company’s stock valued at $900,000 after purchasing an additional 3,910 shares during the period. SOA Wealth Advisors LLC. raised its stake in Dell Technologies by 96.8% in the second quarter. SOA Wealth Advisors LLC. now owns 561 shares of the technology company’s stock valued at $77,000 after buying an additional 276 shares in the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in Dell Technologies in the second quarter valued at $48,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

DELL traded up $1.05 during trading on Friday, reaching $111.26. 11,612,221 shares of the stock were exchanged, compared to its average volume of 10,302,853. Dell Technologies Inc. has a 1 year low of $53.62 and a 1 year high of $179.70. The company has a market capitalization of $78.92 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 1.34 and a beta of 0.92. The business’s 50 day moving average price is $125.88 and its two-hundred day moving average price is $120.36.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 EPS 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%. On average, analysts anticipate that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a yield of 1.60%. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of analyst reports. Bank of America raised their price target on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Barclays upgraded Dell Technologies from an “underweight” rating to an “equal weight” rating and set a $97.00 target price on the stock in a research report on Tuesday. Morgan Stanley reiterated an “overweight” rating and set a $155.00 target price on shares of Dell Technologies in a research report on Monday, June 17th. Wells Fargo & Company cut their target price on Dell Technologies from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Loop Capital lifted their target price on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.06.

Insiders Place Their Bets

In related news, Director Lake Group L.L.C. Silver sold 25,381 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the transaction, the director now directly owns 787,669 shares in the company, valued at $105,878,466.98. The transaction was disclosed in a document filed 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 stock in a transaction that occurred 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 owns 26,725,566 shares of the company’s stock, valued at $3,526,705,689.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lake Group L.L.C. Silver sold 25,381 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the transaction, the director now directly owns 787,669 shares in the company, valued at approximately $105,878,466.98. The disclosure for this sale can be found here. In the last three months, insiders sold 7,058,131 shares of company stock valued at $963,293,619. Company insiders own 46.70% of the company’s stock.

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).