Arkadios Wealth Advisors Increases Holdings in Dell Technologies Inc. (NYSE:DELL)

Arkadios Wealth Advisors increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 32.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,337 shares of the technology company’s stock after purchasing an additional 572 shares during the period. Arkadios Wealth Advisors’ holdings in Dell Technologies were worth $322,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DELL. Whittier Trust Co. lifted its holdings in shares of Dell Technologies by 18.8% in the second quarter. Whittier Trust Co. now owns 9,156 shares of the technology company’s stock worth $1,263,000 after buying an additional 1,446 shares in the last quarter. Kintegral Advisory LLC purchased a new stake in Dell Technologies in the 2nd quarter worth approximately $504,000. Walkner Condon Financial Advisors LLC bought a new position in Dell Technologies in the 2nd quarter valued at $223,000. Harbour Investments Inc. grew its position in shares of Dell Technologies by 68.2% during the 2nd quarter. Harbour Investments Inc. now owns 1,391 shares of the technology company’s stock valued at $192,000 after purchasing an additional 564 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of Dell Technologies in the second quarter worth $302,000. Institutional investors own 38.10% of the company’s stock.

Analyst Ratings Changes

DELL has been the subject of several recent analyst reports. Evercore ISI restated an “outperform” rating and set a $140.00 target price on shares of Dell Technologies in a research report on Wednesday. Wells Fargo & Company decreased their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday. Loop Capital lifted their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Bank of America increased their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley cut their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $132.88.

Dell Technologies Trading Up 4.3 %

Shares of NYSE:DELL opened at $115.54 on Friday. Dell Technologies Inc. has a 12-month low of $53.62 and a 12-month high of $179.70. The stock’s 50-day moving average price is $120.21 and its 200-day moving average price is $122.22. The stock has a market capitalization of $81.95 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. The business had revenue of $22.24 billion for the quarter, compared to analyst estimates of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. As a group, research analysts predict that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $135.26, for a total value of $10,144,500.00. Following the transaction, the director now owns 114,317 shares in the company, valued at $15,462,517.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director David W. Dorman sold 75,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the sale, the director now directly owns 114,317 shares in the company, valued at approximately $15,462,517.42. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael S. Dell sold 139,419 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $136.18, for a total value of $18,986,079.42. Following the transaction, the chief executive officer now directly owns 30,272,822 shares in the company, valued at $4,122,552,899.96. The disclosure for this sale can be found here. Insiders sold 7,058,131 shares of company stock valued at $963,293,619 in the last quarter. Company insiders own 46.70% 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).