Thames Capital Management LLC Purchases New Position in Dell Technologies Inc. (NYSE:DELL)

Thames Capital Management LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 94,756 shares of the technology company’s stock, valued at approximately $13,068,000. Dell Technologies accounts for 5.1% of Thames Capital Management LLC’s holdings, making the stock its 8th biggest position.

A number of other large investors have also recently made changes to their positions in DELL. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Dell Technologies by 22.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after buying an additional 25,117 shares during the period. LRI Investments LLC purchased a new position in shares of Dell Technologies during the 1st quarter worth approximately $104,000. Oppenheimer Asset Management Inc. raised its position in shares of Dell Technologies by 31.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after acquiring an additional 1,539 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Dell Technologies in the 4th quarter valued at approximately $410,000. Finally, Tidal Investments LLC boosted its position in shares of Dell Technologies by 114.2% during the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after purchasing an additional 5,432 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on DELL. Bank of America raised their price objective on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. TD Cowen dropped their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Barclays raised their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Wells Fargo & Company dropped their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, Raymond James cut their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $139.19.

Dell Technologies Stock Down 0.2 %

Shares of Dell Technologies stock opened at $117.52 on Friday. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70. The company has a market cap of $83.36 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The company’s 50 day moving average is $111.30 and its 200 day moving average is $124.26.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same period last year, the business posted $1.44 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the sale, the director now owns 731,612 shares of the company’s stock, valued at approximately $107,400,641.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,297,857 shares of company stock valued at $840,653,193. 46.70% of the stock is 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).