Dell Technologies Inc. (NYSE:DELL) Position Increased by Mirador Capital Partners LP

Mirador Capital Partners LP raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 10.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,916 shares of the technology company’s stock after purchasing an additional 1,453 shares during the period. Mirador Capital Partners LP’s holdings in Dell Technologies were worth $1,702,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV increased its stake in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares during the last quarter. Greenleaf Trust boosted its stake in Dell Technologies by 1.2% during the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after purchasing an additional 122 shares during the period. ORG Partners LLC grew its position in Dell Technologies by 19.0% in the 4th quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after purchasing an additional 140 shares during the last quarter. Eaton Financial Holdings Company LLC increased its stake in shares of Dell Technologies by 2.1% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 6,997 shares of the technology company’s stock valued at $535,000 after purchasing an additional 147 shares during the period. Finally, Signet Financial Management LLC raised its holdings in shares of Dell Technologies by 0.4% during the fourth quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock valued at $3,083,000 after buying an additional 153 shares during the last quarter. Institutional investors own 38.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on DELL shares. UBS Group raised their target price on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Wells Fargo & Company raised their target price on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Loop Capital raised their target price on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Bank of America raised their target price on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. raised their target price on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded down $3.23 during trading hours on Monday, hitting $134.68. 1,801,037 shares of the company’s stock traded hands, compared to its average volume of 9,982,181. Dell Technologies Inc. has a 52 week low of $52.05 and a 52 week high of $179.70. The company’s fifty day simple moving average is $138.43 and its two-hundred day simple moving average is $110.55. The company has a market cap of $95.53 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.71 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, topping 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 company had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. On average, analysts anticipate 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 issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Insiders Place Their Bets

In other news, insider William F. Scannell sold 106,483 shares of the 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 directly owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider William F. Scannell sold 106,483 shares of the 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 directly owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the sale, the director now directly owns 535,816 shares of the company’s stock, valued at $71,997,595.92. The disclosure for this sale can be found here. Insiders sold a total of 6,246,728 shares of company stock worth $842,917,457 over the last ninety days. 46.70% of the stock is currently owned by company insiders.

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).