Nan Fung Trinity HK Ltd. Takes Position in Dell Technologies Inc. (NYSE:DELL)

Nan Fung Trinity HK Ltd. bought a new stake in Dell Technologies Inc. (NYSE:DELL) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 156,285 shares of the technology company’s stock, valued at approximately $14,245,000. Dell Technologies makes up approximately 2.3% of Nan Fung Trinity HK Ltd.’s holdings, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DELL. Exchange Traded Concepts LLC boosted its position in Dell Technologies by 25.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company’s stock worth $224,000 after acquiring an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in Dell Technologies by 44.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company’s stock valued at $238,000 after acquiring an additional 809 shares during the period. Mather Group LLC. raised its stake in Dell Technologies by 113.3% in the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company’s stock valued at $95,000 after acquiring an additional 554 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Dell Technologies by 54.6% in the first quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company’s stock valued at $402,000 after acquiring an additional 1,558 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Dell Technologies by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock worth $789,680,000 after purchasing an additional 552,213 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Up 1.9%

NYSE:DELL opened at $133.74 on Tuesday. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The business’s 50-day moving average is $119.57 and its 200 day moving average is $106.23. The company has a market capitalization of $90.79 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.06 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last issued 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 negative return on equity of 226.48% and a net margin of 4.63%. The business had revenue of $23.38 billion during the quarter, compared to analysts’ expectations of $23.17 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be given a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.57%. Dell Technologies’s payout ratio is 33.49%.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent analyst reports. KeyCorp began coverage on shares of Dell Technologies in a report on Thursday, June 26th. They set a “sector weight” rating for the company. Barclays lifted their price target on Dell Technologies from $116.00 to $123.00 and gave the company an “equal weight” rating in a research note on Friday, May 30th. Citigroup lifted their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. boosted their price target on Dell Technologies from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Finally, Mizuho boosted their price target on Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $140.06.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the completion of the transaction, the director owned 960,050 shares in the company, valued at approximately $121,158,310. This trade represents a 39.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William F. Scannell sold 91,230 shares of Dell Technologies stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total value of $10,803,456.60. Following the completion of the transaction, the insider owned 56,429 shares of the company’s stock, valued at approximately $6,682,322.18. This represents a 61.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,917,063 shares of company stock worth $1,573,509,812 over the last three months. Corporate insiders own 42.00% of the company’s stock.

Dell Technologies Company 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).