Lake Street Advisors Group LLC Increases Stock Position in Dell Technologies Inc. (NYSE:DELL)

Lake Street Advisors Group LLC boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,811 shares of the technology company’s stock after buying an additional 878 shares during the period. Lake Street Advisors Group LLC’s holdings in Dell Technologies were worth $6,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Dell Technologies by 22.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after purchasing an additional 25,117 shares during the period. LRI Investments LLC purchased a new stake in shares of Dell Technologies in the first quarter worth about $104,000. Oppenheimer Asset Management Inc. boosted its position in shares of Dell Technologies by 31.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after acquiring an additional 1,539 shares during the period. Aigen Investment Management LP purchased a new position in Dell Technologies during the fourth quarter valued at approximately $410,000. Finally, Tidal Investments LLC increased its holdings in Dell Technologies by 114.2% during the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after acquiring an additional 5,432 shares during the period. Institutional investors own 38.10% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 114,317 shares in the company, valued at $15,462,517.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Michael S. Dell sold 1,205,052 shares of Dell Technologies stock in a transaction 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 sale, the chief executive officer now owns 26,725,566 shares in the company, valued at $3,526,705,689.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was 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 of the company’s stock, valued at $15,462,517.42. The disclosure for this sale can be found here. Insiders sold 6,902,278 shares of company stock valued at $942,086,320 in the last quarter. Company insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the subject of a number of recent analyst reports. Raymond James reduced their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Sanford C. Bernstein reduced their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Bank of America boosted their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Loop Capital upped their price objective on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.80.

Dell Technologies Stock Down 4.8 %

NYSE DELL opened at $102.00 on Friday. The company has a 50-day simple moving average of $117.23 and a two-hundred day simple moving average of $123.07. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70. The firm has a market cap of $72.35 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.43 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 182.71% and a net margin of 4.32%. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 EPS. Equities analysts expect that Dell Technologies Inc. will post 6.86 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

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).