Bowling Portfolio Management LLC increased its holdings in Dell Technologies Inc. (NYSE:DELL – Get Rating) by 59.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,510 shares of the technology company’s stock after buying an additional 11,319 shares during the quarter. Bowling Portfolio Management LLC’s holdings in Dell Technologies were worth $1,531,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Rockefeller Capital Management L.P. grew its holdings in Dell Technologies by 65.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 11,836 shares of the technology company’s stock worth $664,000 after buying an additional 4,668 shares in the last quarter. Congress Wealth Management LLC DE bought a new position in Dell Technologies in the 4th quarter worth approximately $262,000. Third Point LLC grew its holdings in Dell Technologies by 7.1% in the 4th quarter. Third Point LLC now owns 3,600,000 shares of the technology company’s stock worth $202,212,000 after buying an additional 240,000 shares in the last quarter. Brown Advisory Inc. boosted its stake in Dell Technologies by 1,368.0% during the 4th quarter. Brown Advisory Inc. now owns 31,930 shares of the technology company’s stock valued at $1,794,000 after purchasing an additional 29,755 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in Dell Technologies by 61.7% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 97,864 shares of the technology company’s stock valued at $5,497,000 after purchasing an additional 37,344 shares in the last quarter. 30.05% of the stock is owned by institutional investors and hedge funds.
DELL opened at $48.61 on Thursday. The firm has a market cap of $35.95 billion, a PE ratio of 6.67, a P/E/G ratio of 0.68 and a beta of 0.89. The company has a quick ratio of 0.66, a current ratio of 0.78 and a debt-to-equity ratio of 2.23. The business has a fifty day simple moving average of $46.99 and a 200-day simple moving average of $52.36. Dell Technologies Inc. has a fifty-two week low of $38.33 and a fifty-two week high of $61.54.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Wednesday, July 20th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, July 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.72%. Dell Technologies’s payout ratio is currently 18.11%.
In other news, CAO Brunilda Rios sold 5,969 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $50.95, for a total value of $304,120.55. Following the completion of the sale, the chief accounting officer now owns 18,985 shares in the company, valued at $967,285.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Richard J. Rothberg sold 64,892 shares of the stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $47.52, for a total value of $3,083,667.84. Following the sale, the general counsel now owns 160,212 shares of the company’s stock, valued at $7,613,274.24. The disclosure for this sale can be found here. Insiders sold 144,263 shares of company stock valued at $7,362,063 in the last 90 days. Corporate insiders own 47.30% of the company’s stock.
DELL has been the subject of a number of research reports. The Goldman Sachs Group lowered Dell Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $68.00 to $61.00 in a research note on Friday, April 1st. KGI Securities initiated coverage on Dell Technologies in a research note on Tuesday, April 19th. They set a “neutral” rating for the company. Barclays increased their price target on Dell Technologies from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 31st. Citigroup decreased their price target on Dell Technologies from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, May 23rd. Finally, Bank of America raised their price objective on Dell Technologies from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, May 27th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.77.
Dell Technologies Company Profile (Get Rating)
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.
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