Signature Estate & Investment Advisors LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Signature Estate & Investment Advisors LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,836 shares of the technology company’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Dell Technologies by 7.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 43,517 shares of the technology company’s stock worth $6,001,000 after acquiring an additional 3,060 shares during the period. Liontrust Investment Partners LLP acquired a new position in Dell Technologies during the 2nd quarter worth approximately $26,892,000. Bank of New York Mellon Corp raised its stake in shares of Dell Technologies by 103.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after buying an additional 575,166 shares in the last quarter. New Millennium Group LLC purchased a new position in Dell Technologies in the second quarter worth $1,594,000. Finally, Addison Capital Co lifted its holdings in Dell Technologies by 12.0% in the second quarter. Addison Capital Co now owns 4,038 shares of the technology company’s stock valued at $557,000 after acquiring an additional 434 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

DELL traded down $0.38 during trading on Tuesday, hitting $111.29. The company had a trading volume of 2,762,153 shares, compared to its average volume of 10,134,959. Dell Technologies Inc. has a 1-year low of $53.62 and a 1-year high of $179.70. The company has a market cap of $78.94 billion, a PE ratio of 22.80, a P/E/G ratio of 1.34 and a beta of 0.92. The business has a 50-day moving average of $123.06 and a 200-day moving average of $121.99.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, topping 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 company had revenue of $22.24 billion for the quarter, compared to the consensus estimate of $21.70 billion. Research analysts forecast that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Announces Dividend

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

Insider Buying and Selling

In other news, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the completion of the transaction, the director now owns 114,317 shares in the company, valued at $15,462,517.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the completion of the sale, the director now directly owns 806,352 shares in the company, valued at $108,986,536.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total value of $10,144,500.00. Following the sale, the director now directly owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,058,131 shares of company stock valued at $963,293,619. Insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. TD Cowen increased their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a report on Friday, May 31st. Morgan Stanley cut their target price on shares of Dell Technologies from $155.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. Loop Capital boosted their price target on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Sanford C. Bernstein upped their price objective on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Finally, Citigroup lowered their target price on shares of Dell Technologies from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.38.

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).