Udine Wealth Management Inc. Takes $2.63 Million Position in Dell Technologies Inc. (NYSE:DELL)

Udine Wealth Management Inc. acquired a new stake in Dell Technologies Inc. (NYSE:DELL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,075 shares of the technology company’s stock, valued at approximately $2,633,000. Dell Technologies accounts for approximately 1.9% of Udine Wealth Management Inc.’s investment portfolio, making the stock its 13th largest position.

A number of other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in Dell Technologies during the fourth quarter worth approximately $25,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Pinnacle Bancorp Inc. lifted its position in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after acquiring an additional 188 shares in the last quarter. Finally, Central Bank & Trust Co. purchased a new position in shares of Dell Technologies in the first quarter valued at approximately $34,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

NYSE DELL traded up $3.02 during trading on Monday, reaching $140.93. 6,494,280 shares of the company’s stock were exchanged, compared to its average volume of 10,019,727. The stock has a market cap of $99.96 billion, a P/E ratio of 28.60, a price-to-earnings-growth ratio of 1.71 and a beta of 0.92. The company has a 50 day moving average price of $138.43 and a two-hundred day moving average price of $110.55. Dell Technologies Inc. has a 1 year low of $52.05 and a 1 year high of $179.70.

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

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s payout ratio is currently 36.33%.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the sale, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the transaction, the director now owns 806,352 shares in the company, valued at approximately $108,986,536.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the transaction, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. In the last three months, insiders sold 6,246,728 shares of company stock valued at $842,917,457. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DELL. Bank of America raised their target price on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Wells Fargo & Company lifted their price objective on Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Barclays reduced their price objective on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, May 31st. Evercore ISI lifted their price objective on Dell Technologies from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $135.81.

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).