Q Global Advisors LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Q Global Advisors LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,059 shares of the technology company’s stock, valued at approximately $2,147,000. Dell Technologies makes up 1.6% of Q Global Advisors LLC’s portfolio, making the stock its 10th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new stake in shares of Dell Technologies in the fourth quarter valued at $25,000. Anchor Investment Management LLC purchased a new position in Dell Technologies during the fourth quarter worth about $26,000. Pinnacle Bancorp Inc. lifted its position in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after buying an additional 188 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in Dell Technologies by 454.5% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock worth $37,000 after buying an additional 400 shares during the period. Finally, Castleview Partners LLC purchased a new position in Dell Technologies during the third quarter worth about $39,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the transaction, the director now owns 535,816 shares of the company’s stock, valued at approximately $71,997,595.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the sale, the general counsel now owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the sale, the director now owns 535,816 shares in the company, valued at $71,997,595.92. The disclosure for this sale can be found here. Insiders have sold a total of 6,382,204 shares of company stock valued at $718,452,037 in the last quarter. Insiders own 48.60% of the company’s stock.

Dell Technologies Trading Up 0.1 %

NYSE DELL traded up $0.15 during mid-day trading on Friday, reaching $125.06. 5,512,196 shares of the company’s stock traded hands, compared to its average volume of 8,052,664. Dell Technologies Inc. has a 1-year low of $41.79 and a 1-year high of $136.16. The company has a fifty day simple moving average of $112.60 and a 200-day simple moving average of $88.11. The company has a market cap of $89.27 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.58 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the firm earned $1.55 EPS. Dell Technologies’s quarterly revenue was down 10.9% on a year-over-year basis. Equities research analysts forecast that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio (DPR) is currently 40.73%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DELL. Sanford C. Bernstein increased their target price on Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Loop Capital initiated coverage on Dell Technologies in a research report on Wednesday, February 28th. They set a “buy” rating and a $125.00 target price on the stock. TD Cowen upped their price target on Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. UBS Group upped their price target on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Evercore ISI upped their price target on Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $104.63.

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).