NCP Inc. Takes $1.27 Million Position in Dell Technologies Inc. (NYSE:DELL)

NCP Inc. acquired a new stake in Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,200 shares of the technology company’s stock, valued at approximately $1,269,000. Dell Technologies comprises approximately 0.8% of NCP Inc.’s portfolio, making the stock its 17th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Dell Technologies by 22.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock worth $15,482,000 after acquiring an additional 25,117 shares during the last quarter. LRI Investments LLC purchased a new position in Dell Technologies in the 1st quarter valued at about $104,000. Oppenheimer Asset Management Inc. boosted its stake in shares of Dell Technologies by 31.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after purchasing an additional 1,539 shares during the last quarter. Tidal Investments LLC raised its position in shares of Dell Technologies by 114.2% in the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after buying an additional 5,432 shares during the last quarter. Finally, AlpInvest Partners B.V. purchased a new position in shares of Dell Technologies during the second quarter valued at approximately $3,138,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $144.68, for a total value of $144,680,000.00. Following the transaction, the director now directly owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction of $144,680,000.00. Following the completion of the transaction, the director now directly owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Jane Tunnell sold 3,624 shares of the stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the transaction, the chief marketing officer now directly owns 89,294 shares in the company, valued at approximately $13,035,138.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,998,554 shares of company stock valued at $2,264,348,973. Insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the subject of several analyst reports. Wells Fargo & Company cut their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Mizuho began coverage on Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price on the stock. Citigroup lifted their price target on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. TD Cowen cut their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $113.13 on Wednesday. The business’s 50-day simple moving average is $109.92 and its 200 day simple moving average is $124.66. The company has a market cap of $80.24 billion, a P/E ratio of 23.09, a PEG ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70.

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

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

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).