Davidson Kempner Capital Management LP Makes New $5.52 Million Investment in Dell Technologies Inc. (NYSE:DELL)

Davidson Kempner Capital Management LP bought a new stake in Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 40,000 shares of the technology company’s stock, valued at approximately $5,516,000.

Several other hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp acquired a new position in shares of Dell Technologies during the fourth quarter worth $25,000. Massmutual Trust Co. FSB ADV boosted its position in Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares during the last quarter. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies during the second quarter valued at about $28,000. New Covenant Trust Company N.A. purchased a new stake in shares of Dell Technologies during the first quarter worth about $30,000. Finally, Central Bank & Trust Co. acquired a new position in shares of Dell Technologies in the first quarter worth about $34,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

NYSE:DELL opened at $117.50 on Monday. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70. The business has a 50 day simple moving average of $111.30 and a 200 day simple moving average of $124.35. The firm has a market capitalization of $83.34 billion, a P/E ratio of 23.98, a P/E/G ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Research analysts anticipate that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.51%. Dell Technologies’s dividend payout ratio is presently 36.33%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DELL shares. Bank of America lifted their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. UBS Group reduced their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Barclays boosted their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Morgan Stanley reduced their price target on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Finally, Loop Capital boosted their price objective on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Three 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, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $139.19.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael S. Dell sold 1,546,550 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $116.30, for a total transaction of $179,863,765.00. Following the transaction, the chief executive officer now owns 11,912,241 shares in the company, valued at approximately $1,385,393,628.30. The disclosure for this sale can be found here. Insiders sold 7,297,857 shares of company stock valued at $840,653,193 in the last three months. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies 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).