Friedenthal Financial Takes Position in Dell Technologies Inc. (NYSE:DELL)

Friedenthal Financial bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 375 shares of the technology company’s stock, valued at approximately $52,000.

A number of other institutional investors have also recently added to or reduced their stakes in DELL. Vanguard Group Inc. grew its position in shares of Dell Technologies by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after buying an additional 647,192 shares during the last quarter. Boston Partners grew its holdings in shares of Dell Technologies by 2.1% during the fourth quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock valued at $733,564,000 after purchasing an additional 197,435 shares during the last quarter. Capital World Investors acquired a new stake in shares of Dell Technologies during the 1st quarter worth approximately $835,946,000. Point72 Asset Management L.P. lifted its holdings in shares of Dell Technologies by 14.8% in the 4th quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock worth $309,458,000 after purchasing an additional 520,677 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Dell Technologies by 449.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after purchasing an additional 3,038,891 shares during the period. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 1.9 %

NYSE:DELL opened at $101.81 on Wednesday. The firm has a market capitalization of $72.21 billion, a PE ratio of 20.39, a PEG ratio of 1.34 and a beta of 0.92. Dell Technologies Inc. has a 1 year low of $53.62 and a 1 year high of $179.70. The firm’s fifty day simple moving average is $127.42 and its 200 day simple moving average is $120.36.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The business had revenue of $22.24 billion for the quarter, compared to analyst estimates of $21.70 billion. As a group, analysts anticipate 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 was paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd were given a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.75%. Dell Technologies’s dividend payout ratio is 36.33%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DELL shares. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Sanford C. Bernstein upped their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Barclays raised Dell Technologies from an “underweight” rating to an “equal weight” rating and set a $97.00 price target on the stock in a report on Tuesday. Evercore ISI decreased their price objective on Dell Technologies from $165.00 to $140.00 and set an “outperform” rating for the company in a report on Monday. Finally, Wells Fargo & Company cut their target price on Dell Technologies from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $132.69.

Insider Transactions at Dell Technologies

In other news, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction of $529,031.52. Following the transaction, the chief marketing officer now owns 89,294 shares in the company, valued at approximately $13,035,138.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director David W. Dorman sold 75,000 shares of the business’s 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 transaction, the director now directly owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Jane Tunnell sold 3,624 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.52. Following the sale, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,058,131 shares of company stock worth $963,293,619. 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).