Intech Investment Management LLC Has $7.19 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

Intech Investment Management LLC increased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 315.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,145 shares of the technology company’s stock after acquiring an additional 39,592 shares during the quarter. Intech Investment Management LLC’s holdings in Dell Technologies were worth $7,191,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Leuthold Group LLC acquired a new stake in shares of Dell Technologies during the second quarter valued at approximately $211,000. Somerset Group LLC acquired a new stake in shares of Dell Technologies during the second quarter valued at approximately $1,380,000. New Age Alpha Advisors LLC acquired a new stake in shares of Dell Technologies during the second quarter valued at approximately $2,758,000. Garner Asset Management Corp boosted its holdings in shares of Dell Technologies by 4.6% during the second quarter. Garner Asset Management Corp now owns 22,516 shares of the technology company’s stock worth $3,105,000 after purchasing an additional 1,000 shares during the period. Finally, Carolinas Wealth Consulting LLC grew its position in Dell Technologies by 1,130.4% during the second quarter. Carolinas Wealth Consulting LLC now owns 283 shares of the technology company’s stock valued at $39,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Stock Down 0.2 %

DELL opened at $117.52 on Friday. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70. The firm has a market capitalization of $83.36 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The stock’s 50 day moving average price is $111.30 and its two-hundred day moving average price is $124.26.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. As a group, analysts anticipate that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.51%. Dell Technologies’s dividend payout ratio is 36.33%.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $144.68, for a total value of $144,680,000.00. Following the sale, the director now directly owns 770,369 shares in the company, valued at approximately $111,456,986.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Jane Tunnell sold 3,624 shares of Dell Technologies stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction of $529,031.52. Following the sale, the chief marketing officer now directly owns 89,294 shares in the company, valued at approximately $13,035,138.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of Dell Technologies stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $144.68, for a total transaction of $144,680,000.00. Following the sale, the director now owns 770,369 shares in the company, valued at $111,456,986.92. The disclosure for this sale can be found here. Insiders have sold 7,297,857 shares of company stock worth $840,653,193 in the last ninety days. Insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Raymond James decreased their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Bank of America boosted their target price on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Sanford C. Bernstein cut their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Wells Fargo & Company lowered their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, UBS Group reduced their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.19.

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).