Front Row Advisors LLC lowered its position in Dell Technologies Inc. (NYSE:DELL – Free Report) by 22.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,151 shares of the technology company’s stock after selling 5,145 shares during the period. Front Row Advisors LLC’s holdings in Dell Technologies were worth $2,225,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. RWA Wealth Partners LLC boosted its stake in Dell Technologies by 1.0% in the second quarter. RWA Wealth Partners LLC now owns 8,953 shares of the technology company’s stock valued at $1,098,000 after acquiring an additional 88 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Dell Technologies by 3.1% in the 1st quarter. Summit Investment Advisors Inc. now owns 3,004 shares of the technology company’s stock worth $274,000 after purchasing an additional 90 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in Dell Technologies by 4.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company’s stock worth $261,000 after buying an additional 100 shares during the last quarter. Westside Investment Management Inc. increased its position in Dell Technologies by 84.7% during the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its stake in Dell Technologies by 66.2% in the second quarter. Johnson Financial Group Inc. now owns 251 shares of the technology company’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.
Dell Technologies Price Performance
Shares of Dell Technologies stock opened at $129.82 on Friday. The stock has a market cap of $87.28 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 0.87 and a beta of 1.03. The firm has a fifty day moving average price of $143.49 and a 200 day moving average price of $132.41. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $168.08.
Dell Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 20th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, January 20th. Dell Technologies’s dividend payout ratio (DPR) is currently 28.00%.
Insider Buying and Selling
In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total transaction of $112,183,364.02. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,608,755 shares of company stock valued at $652,451,493 over the last three months. 42.00% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, October 8th. Evercore ISI set a $180.00 price target on shares of Dell Technologies and gave the company an “outperform” rating in a research note on Monday, November 3rd. Fox Advisors cut shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. Susquehanna boosted their price objective on shares of Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Finally, Bank of America raised their target price on Dell Technologies from $160.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.84.
Get Our Latest Stock Report on DELL
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).
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