Mather Group LLC. Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Mather Group LLC. purchased a new position in Dell Technologies Inc. (NYSE:DELL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 383 shares of the technology company’s stock, valued at approximately $44,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in shares of Dell Technologies in the 4th quarter worth about $25,000. Anchor Investment Management LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at about $26,000. Pinnacle Bancorp Inc. raised its holdings in shares of Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after buying an additional 188 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of Dell Technologies by 454.5% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock valued at $37,000 after buying an additional 400 shares during the period. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Dell Technologies by 1,456.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock valued at $46,000 after buying an additional 568 shares during the period. 38.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DELL has been the topic of several analyst reports. Sanford C. Bernstein raised their target price on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Barclays dropped their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, May 31st. TD Cowen raised their target price on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a report on Friday, May 31st. Bank of America lifted their price objective on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Citigroup lifted their price objective on Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.81.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the transaction, the director now owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the transaction, the director now directly owns 731,612 shares in the company, valued at approximately $116,172,669.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David W. Dorman sold 75,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $135.26, for a total value of $10,144,500.00. Following the transaction, the director now directly owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,246,728 shares of company stock valued at $842,917,457. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Price Performance

NYSE:DELL opened at $137.57 on Tuesday. Dell Technologies Inc. has a 12-month low of $50.72 and a 12-month high of $179.70. The firm has a market capitalization of $98.20 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.84 and a beta of 0.85. The business has a 50 day simple moving average of $136.79 and a 200 day simple moving average of $108.59.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The business had revenue of $22.24 billion during the quarter, compared to analyst estimates of $21.70 billion. Research analysts anticipate that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a yield of 1.29%. Dell Technologies’s dividend payout ratio is currently 36.33%.

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).