Prevail Innovative Wealth Advisors LLC Takes $2.49 Million Position in Dell Technologies Inc. (NYSE:DELL)

Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 27,325 shares of the technology company’s stock, valued at approximately $2,491,000.

A number of other large investors have also recently modified their holdings of DELL. Vanguard Group Inc. raised its holdings in shares of Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after buying an additional 2,662,407 shares in the last quarter. Capital World Investors raised its holdings in shares of Dell Technologies by 0.6% during the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock valued at $1,436,000,000 after buying an additional 72,271 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 valued at $789,680,000 after buying an additional 552,213 shares in the last quarter. Norges Bank purchased a new position in shares of Dell Technologies during the 4th quarter valued at about $455,029,000. Finally, Northern Trust Corp raised its holdings in shares of Dell Technologies by 16.1% during the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company’s stock valued at $382,281,000 after buying an additional 460,483 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

DELL opened at $125.74 on Tuesday. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66. The stock has a market capitalization of $85.36 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.17 and a beta of 1.02. The stock’s 50 day moving average price is $114.88 and its 200-day moving average price is $105.56.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) 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 business had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $23.17 billion. During the same period last year, the firm posted $1.27 earnings per share. Dell Technologies’s quarterly revenue was up 5.1% on a year-over-year basis. Research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.67%. Dell Technologies’s payout ratio is 33.49%.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 2,900 shares of the company’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $120.00, for a total value of $348,000.00. Following the sale, the director directly owned 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 10.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Brunilda Rios sold 6,000 shares of the company’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $126.29, for a total value of $757,740.00. Following the completion of the sale, the chief accounting officer directly owned 18,948 shares in the company, valued at approximately $2,392,942.92. The trade was a 24.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,713,977 shares of company stock valued at $1,547,857,229 over the last 90 days. 42.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DELL has been the topic of a number of research reports. 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 report on Friday, May 30th. Evercore ISI reissued an “outperform” rating on shares of Dell Technologies in a report on Thursday, May 29th. KeyCorp started coverage on Dell Technologies in a report on Thursday, June 26th. They set a “sector weight” rating on the stock. Mizuho lifted their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. Finally, Wall Street Zen cut Dell Technologies from a “buy” rating to a “hold” rating in a research note on Monday. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $138.00.

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).