Capital Group Investment Management PTE. LTD. Invests $678,000 in Dell Technologies Inc. (NYSE:DELL)

Capital Group Investment Management PTE. LTD. bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 1st quarter, Holdings Channel.com reports. The firm bought 5,945 shares of the technology company’s stock, valued at approximately $678,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. Jones Financial Companies Lllp purchased a new position in shares of Dell Technologies during the 4th quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the last quarter. Pinnacle Bancorp Inc. increased its holdings 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 buying an additional 188 shares in the last quarter. Central Bank & Trust Co. purchased a new stake in shares of Dell Technologies during the first quarter valued at $34,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Dell Technologies by 454.5% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock worth $37,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Analysts Set New Price Targets

DELL has been the topic of several research analyst reports. TD Cowen boosted their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a report on Friday, May 31st. Bank of America raised their price target on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. raised their target price on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Wells Fargo & Company lifted their price objective on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Finally, Loop Capital upped their price target on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.81.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $2.16 during mid-day trading on Friday, reaching $113.59. 8,412,914 shares of the company’s stock were exchanged, compared to its average volume of 10,079,693. Dell Technologies Inc. has a twelve month low of $52.05 and a twelve month high of $179.70. The firm has a market capitalization of $80.57 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.44 and a beta of 0.92. The business’s fifty day moving average price is $140.80 and its 200-day moving average price is $117.92.

Dell Technologies (NYSE:DELL) last issued 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. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The firm had revenue of $22.24 billion for the quarter, compared to the consensus estimate of $21.70 billion. Analysts predict that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is 36.33%.

Insider Buying and Selling

In other news, Director Lake Group L.L.C. Silver sold 25,381 shares of Dell Technologies stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total value of $3,411,714.02. Following the completion of the sale, the director now owns 787,669 shares in the company, valued at approximately $105,878,466.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Lake Group L.L.C. Silver sold 25,381 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total value of $3,411,714.02. Following the completion of the sale, the director now directly owns 787,669 shares of the company’s stock, valued at approximately $105,878,466.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael S. Dell sold 1,205,052 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $131.96, for a total value of $159,018,661.92. Following the completion of the transaction, the chief executive officer now owns 26,725,566 shares in the company, valued at approximately $3,526,705,689.36. The disclosure for this sale can be found here. Insiders sold 7,058,131 shares of company stock valued at $963,293,619 over the last 90 days. Company insiders own 46.70% of the company’s stock.

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).