Dell Technologies Inc. (NYSE:DELL) Shares Bought by Brighton Jones LLC

Brighton Jones LLC grew its position in Dell Technologies Inc. (NYSE:DELL) by 49.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,580 shares of the technology company’s stock after purchasing an additional 1,178 shares during the quarter. Brighton Jones LLC’s holdings in Dell Technologies were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DELL. Intech Investment Management LLC raised its stake in Dell Technologies by 315.4% in the second quarter. Intech Investment Management LLC now owns 52,145 shares of the technology company’s stock valued at $7,191,000 after buying an additional 39,592 shares in the last quarter. Leuthold Group LLC purchased a new stake in Dell Technologies during the second quarter worth approximately $211,000. Somerset Group LLC acquired a new position in Dell Technologies in the second quarter valued at approximately $1,380,000. New Age Alpha Advisors LLC acquired a new stake in Dell Technologies during the second quarter worth approximately $2,758,000. Finally, Garner Asset Management Corp lifted its position in shares of Dell Technologies by 4.6% during the 2nd quarter. Garner Asset Management Corp now owns 22,516 shares of the technology company’s stock worth $3,105,000 after buying an additional 1,000 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Down 0.2 %

Shares of Dell Technologies stock opened at $117.50 on Friday. The firm has a market cap of $83.34 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a 52-week low of $63.90 and a 52-week high of $179.70. The company’s 50-day simple moving average is $111.30 and its 200-day simple moving average is $124.31.

Dell Technologies (NYSE:DELL) last issued its 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 business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the prior year, the business posted $1.44 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies Dividend Announcement

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

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the sale, the director now owns 731,612 shares of the company’s stock, valued at $107,400,641.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of Dell Technologies stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the transaction, 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. Insiders sold 7,297,857 shares of company stock worth $840,653,193 in the last 90 days. 46.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DELL has been the topic of several research analyst reports. Mizuho assumed coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target on the stock. Evercore ISI reissued an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a report on Wednesday, August 28th. Morgan Stanley cut their price target on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Citigroup increased their price objective on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company cut their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average 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).