Ritholtz Wealth Management Buys 892 Shares of Dell Technologies Inc. (NYSE:DELL)

Ritholtz Wealth Management raised its stake in Dell Technologies Inc. (NYSE:DELL) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,747 shares of the technology company’s stock after purchasing an additional 892 shares during the period. Ritholtz Wealth Management’s holdings in Dell Technologies were worth $4,240,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in shares of Dell Technologies during the 4th quarter worth about $25,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after acquiring an additional 82 shares during the period. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies during the 2nd quarter worth about $28,000. New Covenant Trust Company N.A. bought a new position in shares of Dell Technologies during the 1st quarter worth about $30,000. Finally, Central Bank & Trust Co. bought a new position in shares of Dell Technologies during the 1st quarter worth about $34,000. 38.10% of the stock is owned by institutional investors.

Dell Technologies Trading Up 4.3 %

Shares of NYSE:DELL traded up $4.80 during trading on Friday, hitting $115.54. 33,433,633 shares of the company’s stock were exchanged, compared to its average volume of 11,410,623. Dell Technologies Inc. has a 1-year low of $53.62 and a 1-year high of $179.70. The firm has a 50-day moving average price of $120.21 and a two-hundred day moving average price of $122.49. The firm has a market cap of $81.95 billion, a P/E ratio of 23.58, a PEG ratio of 1.43 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued 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. Dell Technologies had a net margin of 4.32% and a negative return on equity of 182.71%. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the company earned $1.44 EPS. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. As a group, research analysts predict that Dell Technologies Inc. will post 6.86 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.54%. The ex-dividend date was Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Analyst Upgrades and Downgrades

DELL has been the subject of several analyst reports. Evercore ISI reissued an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a report on Wednesday. Morgan Stanley cut their price target on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday. TD Cowen cut their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday. Bank of America lifted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.88.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of Dell Technologies stock in a transaction that occurred on Monday, June 3rd. The shares were 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 of the company’s stock, valued at approximately $108,986,536.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of Dell Technologies stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total value of $2,221,219.44. Following the transaction, the director now owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael S. Dell sold 1,340,823 shares of Dell Technologies stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $133.67, for a total transaction of $179,227,810.41. Following the completion of the transaction, the chief executive officer now directly owns 28,931,999 shares in the company, valued at approximately $3,867,340,306.33. The disclosure for this sale can be found here. Insiders have sold 7,058,131 shares of company stock valued at $963,293,619 in the last 90 days. 46.70% of the stock is owned by insiders.

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).