MBB Public Markets I LLC Purchases New Shares in Dell Technologies Inc. (NYSE:DELL)

MBB Public Markets I LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 18,592 shares of the technology company’s stock, valued at approximately $2,564,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Dell Technologies by 22.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after purchasing an additional 25,117 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Dell Technologies during the first quarter worth approximately $104,000. Oppenheimer Asset Management Inc. increased its stake in shares of Dell Technologies by 31.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after buying an additional 1,539 shares during the last quarter. Tidal Investments LLC raised its holdings in Dell Technologies by 114.2% in the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after acquiring an additional 5,432 shares in the last quarter. Finally, AlpInvest Partners B.V. bought a new position in Dell Technologies during the 2nd quarter valued at $3,138,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DELL. Barclays upped their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. UBS Group reduced their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Wells Fargo & Company decreased their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. TD Cowen dropped their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, Morgan Stanley lowered 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 note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Price Performance

Shares of DELL stock opened at $120.22 on Friday. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70. The firm has a market capitalization of $85.27 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. The business has a 50 day simple moving average of $110.38 and a 200 day simple moving average of $124.43.

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

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Activity at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the transaction, the insider now directly owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 1,166,595 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $117.42, for a total transaction of $136,981,584.90. Following the completion of the sale, the chief executive officer now owns 26,912,241 shares in the company, valued at $3,160,035,338.22. The disclosure for this sale can be found here. Insiders have sold 9,007,047 shares of company stock worth $1,041,595,745 over the last quarter. 46.70% of the stock is currently owned by company insiders.

About Dell Technologies

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).