Morse Asset Management Inc Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Morse Asset Management Inc bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,577 shares of the technology company’s stock, valued at approximately $1,045,000.

Other hedge funds also recently made changes to their positions in the company. Capital World Investors bought a new stake in shares of Dell Technologies during the 1st quarter valued at $835,946,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Dell Technologies by 449.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after purchasing an additional 3,038,891 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Dell Technologies by 83.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after buying an additional 1,011,512 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in Dell Technologies by 2,466.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock valued at $67,810,000 after buying an additional 851,867 shares during the period. Finally, Bahl & Gaynor Inc. raised its position in shares of Dell Technologies by 159.8% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock valued at $154,396,000 after buying an additional 832,144 shares in the last quarter. 38.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DELL. Loop Capital lifted their price objective on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. TD Cowen lowered their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Susquehanna initiated coverage on Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective for the company. Evercore ISI reiterated an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a research report on Wednesday, August 28th. Finally, UBS Group dropped their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.19.

Dell Technologies Trading Down 0.2 %

Shares of DELL opened at $117.50 on Monday. The stock’s 50-day moving average price is $111.30 and its two-hundred day moving average price is $124.35. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70. The company has a market capitalization of $83.34 billion, a PE ratio of 23.98, a PEG ratio of 1.15 and a beta of 0.90.

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

Dell Technologies Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the 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 completion of the sale, the director now directly owns 731,612 shares in the company, valued at approximately $107,400,641.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CMO Jane Tunnell sold 3,624 shares of the company’s 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 transaction, the chief marketing officer now owns 89,294 shares in the company, valued at $13,035,138.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were 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 $107,400,641.60. The disclosure for this sale can be found here. Insiders have sold a total of 7,297,857 shares of company stock worth $840,653,193 over the last quarter. Company insiders own 46.70% of the company’s stock.

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).