Register Financial Advisors LLC Invests $46,000 in Dell Technologies Inc. (NYSE:DELL)

Register Financial Advisors LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 401 shares of the technology company’s stock, valued at approximately $46,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Capital Wealth Advisors bought a new stake in Dell Technologies in the first quarter valued at about $217,000. Wealth Enhancement Advisory Services LLC increased its stake in Dell Technologies by 18.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,919 shares of the technology company’s stock valued at $2,615,000 after acquiring an additional 3,573 shares during the period. Signet Financial Management LLC increased its stake in Dell Technologies by 2.3% in the first quarter. Signet Financial Management LLC now owns 41,204 shares of the technology company’s stock valued at $4,702,000 after acquiring an additional 909 shares during the period. Atlas Capital Advisors LLC increased its stake in Dell Technologies by 30.4% in the first quarter. Atlas Capital Advisors LLC now owns 17,202 shares of the technology company’s stock valued at $1,963,000 after acquiring an additional 4,012 shares during the period. Finally, Lpwm LLC bought a new stake in Dell Technologies in the first quarter valued at about $394,000. Institutional investors own 38.10% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total value of $13,752,279.45. Following the completion of the sale, the insider now owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael S. Dell sold 1,205,052 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the completion of the sale, the chief executive officer now owns 26,725,566 shares of the company’s stock, valued at $3,526,705,689.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William F. Scannell sold 106,483 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the sale, the insider now directly owns 356,077 shares of the company’s stock, valued at approximately $45,987,344.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,246,728 shares of company stock valued at $842,917,457. Corporate insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Evercore ISI boosted their price target on shares of Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Citigroup boosted their price target on shares of Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. TD Cowen boosted their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, May 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $135.81.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $137.82 on Friday. The company’s 50 day simple moving average is $138.43 and its 200 day simple moving average is $109.99. Dell Technologies Inc. has a fifty-two week low of $51.80 and a fifty-two week high of $179.70. The firm has a market capitalization of $97.76 billion, a P/E ratio of 28.13, a P/E/G ratio of 1.73 and a beta of 0.85.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The firm had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. Sell-side analysts expect that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s payout ratio is presently 36.33%.

About Dell Technologies

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).