Cambridge Investment Research Advisors Inc. Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

Cambridge Investment Research Advisors Inc. boosted its position in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 33.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,837 shares of the technology company’s stock after buying an additional 4,443 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Dell Technologies were worth $717,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of DELL. Goldman Sachs Group Inc. boosted its stake in shares of Dell Technologies by 80.7% during the first quarter. Goldman Sachs Group Inc. now owns 4,976,265 shares of the technology company’s stock valued at $249,759,000 after purchasing an additional 2,222,995 shares during the period. Alliancebernstein L.P. lifted its stake in Dell Technologies by 43.9% in the third quarter. Alliancebernstein L.P. now owns 4,567,318 shares of the technology company’s stock worth $156,065,000 after acquiring an additional 1,394,376 shares during the period. Pacer Advisors Inc. lifted its stake in Dell Technologies by 40.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,019,506 shares of the technology company’s stock worth $161,665,000 after acquiring an additional 1,161,913 shares during the period. Dimensional Fund Advisors LP lifted its stake in Dell Technologies by 78.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,424,666 shares of the technology company’s stock worth $71,566,000 after acquiring an additional 624,628 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in Dell Technologies in the third quarter worth about $19,938,000. 26.42% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, CFO Thomas W. Sweet sold 283,388 shares of the company’s stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $40.14, for a total value of $11,375,194.32. Following the sale, the chief financial officer now owns 211,608 shares in the company, valued at approximately $8,493,945.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Anthony Charles Whitten sold 15,983 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $36.49, for a total transaction of $583,219.67. Following the transaction, the chief operating officer now owns 841,207 shares in the company, valued at approximately $30,695,643.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas W. Sweet sold 283,388 shares of the stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $40.14, for a total value of $11,375,194.32. Following the transaction, the chief financial officer now owns 211,608 shares in the company, valued at approximately $8,493,945.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 522,371 shares of company stock worth $22,038,868. Corporate insiders own 48.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DELL shares. Credit Suisse Group reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Dell Technologies in a research note on Monday, March 6th. The Goldman Sachs Group started coverage on shares of Dell Technologies in a report on Monday, March 20th. They issued a “buy” rating and a $43.00 target price for the company. Sanford C. Bernstein reduced their target price on shares of Dell Technologies from $60.00 to $51.00 in a report on Friday, March 3rd. Citigroup reduced their target price on shares of Dell Technologies from $53.00 to $50.00 in a report on Friday, March 3rd. Finally, KGI Securities upgraded shares of Dell Technologies from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 14th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $48.56.

Dell Technologies Stock Down 0.4 %

Shares of NYSE DELL opened at $47.54 on Tuesday. The business’s 50 day moving average price is $42.23 and its 200 day moving average price is $41.54. The firm has a market cap of $34.76 billion, a P/E ratio of 14.76, a P/E/G ratio of 0.94 and a beta of 1.03. Dell Technologies Inc. has a 52 week low of $32.90 and a 52 week high of $52.60.

Dell Technologies (NYSE:DELL – Get Rating) last issued its earnings results on Thursday, March 2nd. The technology company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.17. The firm had revenue of $25.04 billion for the quarter, compared to analyst estimates of $22.82 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 2.39%. As a group, research analysts expect that Dell Technologies Inc. will post 4.24 earnings per share for the current year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 5th. Shareholders of record on Tuesday, April 25th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Monday, April 24th. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.33. Dell Technologies’s dividend payout ratio is currently 45.96%.

Dell Technologies Company Profile

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Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.