Resolute Capital Asset Partners LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 45,000 shares of the technology company’s stock, valued at approximately $4,102,000. Dell Technologies comprises 2.3% of Resolute Capital Asset Partners LLC’s holdings, making the stock its 14th largest holding.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Capital Wealth Advisors boosted its holdings in Dell Technologies by 5.9% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company’s stock worth $207,000 after buying an additional 100 shares during the last quarter. Cary Street Partners Financial LLC lifted its holdings in shares of Dell Technologies by 2.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock valued at $395,000 after purchasing an additional 116 shares in the last quarter. OneAscent Financial Services LLC lifted its holdings in shares of Dell Technologies by 3.4% during the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock valued at $345,000 after purchasing an additional 125 shares in the last quarter. MRP Capital Investments LLC lifted its holdings in shares of Dell Technologies by 0.8% during the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock valued at $1,365,000 after purchasing an additional 125 shares in the last quarter. Finally, Greenleaf Trust lifted its holdings in shares of Dell Technologies by 1.4% during the 1st quarter. Greenleaf Trust now owns 10,172 shares of the technology company’s stock valued at $927,000 after purchasing an additional 136 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.
Dell Technologies Stock Up 2.3%
Shares of Dell Technologies stock opened at $130.7790 on Friday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66. The stock has a market cap of $88.78 billion, a P/E ratio of 20.86, a P/E/G ratio of 0.89 and a beta of 1.02. The business’s 50 day moving average is $127.76 and its 200-day moving average is $109.68.
Dell Technologies Dividend Announcement
The business also recently disclosed 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. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. Dell Technologies’s dividend payout ratio is currently 33.49%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Bank of America lifted their price objective on Dell Technologies from $155.00 to $165.00 and gave the company a “buy” rating in a report on Friday, July 18th. KeyCorp initiated coverage on Dell Technologies in a report on Thursday, June 26th. They set a “sector weight” rating on the stock. Citigroup lifted their target price on Dell Technologies from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, August 11th. JPMorgan Chase & Co. lifted their target price on Dell Technologies from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Finally, Wall Street Zen lowered Dell Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 14th. Sixteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.06.
View Our Latest Report on DELL
Insider Activity at Dell Technologies
In related news, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The stock was 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 of the company’s stock, valued at approximately $3,168,289,707.07. The trade was a 27.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brunilda Rios sold 6,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 18,948 shares in the company, valued at $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. Over the last quarter, insiders have sold 12,989,063 shares of company stock worth $1,583,673,412. Insiders own 42.00% of the company’s stock.
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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