PFG Investments LLC Invests $506,000 in Dell Technologies Inc. (NYSE:DELL)

PFG Investments LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 4,437 shares of the technology company’s stock, valued at approximately $506,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted 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 buying an additional 82 shares during the period. Greenleaf Trust increased its holdings in Dell Technologies by 1.2% in the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after buying an additional 122 shares during the period. ORG Partners LLC lifted its stake in Dell Technologies by 19.0% during the fourth quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after purchasing an additional 140 shares during the last quarter. Eaton Financial Holdings Company LLC lifted its position in shares of Dell Technologies by 2.1% during the 4th quarter. Eaton Financial Holdings Company LLC now owns 6,997 shares of the technology company’s stock worth $535,000 after buying an additional 147 shares during the last quarter. Finally, Signet Financial Management LLC boosted its stake in shares of Dell Technologies by 0.4% in the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock valued at $3,083,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the sale, the director now directly owns 408,694 shares in the company, valued at $51,626,226.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the transaction, the director now directly owns 408,694 shares in the company, valued at approximately $51,626,226.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the sale, the general counsel now owns 86,836 shares in the company, valued at approximately $11,544,846.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,382,204 shares of company stock worth $718,452,037. 48.60% of the stock is owned by corporate insiders.

Dell Technologies Stock Up 2.1 %

NYSE DELL traded up $2.63 during trading hours on Monday, hitting $127.70. 5,002,094 shares of the company were exchanged, compared to its average volume of 7,127,451. The stock has a market cap of $91.15 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 1.58 and a beta of 0.92. The stock has a 50-day moving average price of $113.47 and a 200 day moving average price of $88.79. Dell Technologies Inc. has a 52 week low of $43.38 and a 52 week high of $136.16.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $22.32 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Dell Technologies’s revenue was down 10.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be given a $0.445 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio is 40.73%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DELL. Morgan Stanley raised their price objective on Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. The Goldman Sachs Group upped their price objective on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Barclays lifted their target price on Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a research report on Friday, March 1st. Evercore ISI boosted their price target on shares of Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. raised their target price on Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $104.63.

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).