FORA Capital LLC Takes $965,000 Position in Dell Technologies Inc. $DELL

FORA Capital LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELLFree Report) during the 1st quarter, Holdings Channel.com reports. The fund purchased 10,587 shares of the technology company’s stock, valued at approximately $965,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bellwether Advisors LLC bought a new position in Dell Technologies in the 4th quarter worth $25,000. Smallwood Wealth Investment Management LLC bought a new position in Dell Technologies in the 1st quarter worth $25,000. N.E.W. Advisory Services LLC bought a new position in Dell Technologies in the 1st quarter worth $26,000. Cheviot Value Management LLC bought a new position in Dell Technologies in the 1st quarter worth $27,000. Finally, Cullen Frost Bankers Inc. increased its stake in Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock worth $28,000 after buying an additional 222 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DELL. KeyCorp began coverage on Dell Technologies in a research report on Thursday, June 26th. They set a “sector weight” rating for the company. TD Cowen raised their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a “hold” rating in a research report on Friday, May 30th. UBS Group cut their price objective on Dell Technologies from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Raymond James Financial raised their price objective on Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, May 30th. Finally, Barclays raised their price objective on Dell Technologies from $116.00 to $123.00 and gave the company an “equal weight” rating in a research report on Friday, May 30th. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.06.

Read Our Latest Stock Report on Dell Technologies

Dell Technologies Price Performance

Shares of NYSE DELL opened at $132.45 on Thursday. The firm has a 50-day simple moving average of $128.73 and a two-hundred day simple moving average of $110.22. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $147.66. The company has a market cap of $89.91 billion, a P/E ratio of 21.12, a PEG ratio of 0.91 and a beta of 1.02.

Dell Technologies (NYSE:DELLGet Free Report) last posted its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the prior year, the firm posted $1.27 EPS. The business’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies’s payout ratio is currently 33.49%.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $127.56, for a total transaction of $76,536,000.00. Following the transaction, the director directly owned 980,295 shares of the company’s stock, valued at $125,046,430.20. This trade represents a 37.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. The trade was a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,989,063 shares of company stock valued at $1,583,673,412. Insiders own 42.00% of the company’s stock.

About Dell Technologies

(Free Report)

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).

Further Reading

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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