Dell Technologies Inc. (NYSE:DELL) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. raised its position in Dell Technologies Inc. (NYSE:DELL) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,803 shares of the technology company’s stock after purchasing an additional 368 shares during the period. First Trust Direct Indexing L.P.’s holdings in Dell Technologies were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DELL. Greenleaf Trust increased its stake in Dell Technologies by 1.2% in the fourth quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after purchasing an additional 122 shares during the last quarter. ORG Partners LLC lifted its position in shares of Dell Technologies by 19.0% during the 4th quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after buying an additional 140 shares during the last quarter. Signet Financial Management LLC lifted its position in shares of Dell Technologies by 0.4% during the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock worth $3,083,000 after buying an additional 153 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Dell Technologies by 5.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,921 shares of the technology company’s stock worth $270,000 after buying an additional 188 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its position in shares of Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after buying an additional 188 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of DELL opened at $127.57 on Wednesday. The stock has a market capitalization of $91.06 billion, a P/E ratio of 29.19, a P/E/G ratio of 1.58 and a beta of 0.87. The company’s fifty day moving average is $117.92 and its two-hundred day moving average is $91.22. Dell Technologies Inc. has a 1 year low of $44.19 and a 1 year high of $136.16.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The company had revenue of $22.32 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the previous year, the company posted $1.55 EPS. Dell Technologies’s revenue was down 10.9% compared to the same quarter last year. Sell-side analysts predict that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.40%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, April 22nd. Dell Technologies’s dividend payout ratio is 40.73%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. TD Cowen boosted their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. Loop Capital began coverage on shares of Dell Technologies in a research report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 price target for the company. Wells Fargo & Company upped their price target on shares of Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, Sanford C. Bernstein upped their price target on shares of Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.63.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the sale, the director now owns 535,816 shares of the company’s stock, valued at approximately $71,997,595.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the sale, the general counsel now directly owns 86,836 shares in the company, valued at approximately $11,544,846.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the sale, the director now owns 535,816 shares in the company, valued at approximately $71,997,595.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,382,204 shares of company stock worth $718,452,037. Corporate insiders own 48.60% of the company’s stock.

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).