Dell Technologies Inc. (NYSE:DELL) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in Dell Technologies Inc. (NYSE:DELL) by 18.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,919 shares of the technology company’s stock after purchasing an additional 3,573 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Dell Technologies were worth $2,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of 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 buying an additional 82 shares during the last quarter. Central Bank & Trust Co. acquired a new position in Dell Technologies during the 1st quarter worth $34,000. Jones Financial Companies Lllp bought a new stake in shares of Dell Technologies in the 4th quarter worth about $25,000. Anchor Investment Management LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $26,000. Finally, Pinnacle Bancorp Inc. grew its position in shares of Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after buying an additional 188 shares during the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DELL has been the subject of a number of research reports. TD Cowen lifted their target price on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, May 31st. Morgan Stanley restated an “overweight” rating and set a $155.00 price objective on shares of Dell Technologies in a research note on Monday, June 17th. Citigroup raised their target price on Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Barclays lowered their price target 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. Finally, Wells Fargo & Company boosted their target price on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $135.81.

Dell Technologies Stock Down 0.6 %

Shares of DELL stock opened at $142.67 on Thursday. The stock has a 50-day simple moving average of $139.43 and a 200 day simple moving average of $111.55. Dell Technologies Inc. has a fifty-two week low of $52.05 and a fifty-two week high of $179.70. The stock has a market capitalization of $101.20 billion, a P/E ratio of 29.12, a P/E/G ratio of 1.71 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data 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. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The company had revenue of $22.24 billion for the quarter, compared to analysts’ expectations of $21.70 billion. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.25%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 2,837,829 shares of Dell Technologies stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $133.75, for a total value of $379,559,628.75. Following the transaction, the chief executive officer now owns 20,412,241 shares of the company’s stock, valued at approximately $2,730,137,233.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael S. Dell sold 2,837,829 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $133.75, for a total value of $379,559,628.75. Following the completion of the sale, the chief executive officer now owns 20,412,241 shares in the company, valued at $2,730,137,233.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of Dell Technologies stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total value of $2,221,219.44. Following the transaction, the director now owns 806,352 shares in the company, valued at approximately $108,986,536.32. The disclosure for this sale can be found here. Insiders sold a total of 6,097,700 shares of company stock valued at $823,448,406 in the last three months. 46.70% of the stock is currently owned by corporate insiders.

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).