Cigna Investments Inc. New Invests $358,000 in Dell Technologies Inc. (NYSE:DELL)

Cigna Investments Inc. New bought a new stake in Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 2,595 shares of the technology company’s stock, valued at approximately $358,000.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Dell Technologies in the 4th quarter valued at $5,121,000. Stratos Wealth Partners LTD. increased its stake in Dell Technologies by 12.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,364 shares of the technology company’s stock valued at $257,000 after acquiring an additional 361 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Dell Technologies by 13.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,380 shares of the technology company’s stock worth $6,226,000 after purchasing an additional 9,538 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Dell Technologies by 1,229.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 69,102 shares of the technology company’s stock worth $5,286,000 after purchasing an additional 63,905 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in Dell Technologies by 217.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 12,464 shares of the technology company’s stock valued at $954,000 after purchasing an additional 8,543 shares in the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. TD Cowen raised their target price on Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. Sanford C. Bernstein lifted their price objective on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Wells Fargo & Company lowered their target price on shares of Dell Technologies from $175.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday. Morgan Stanley reiterated an “overweight” rating and set a $155.00 target price on shares of Dell Technologies in a research report on Monday, June 17th. Finally, Barclays upgraded shares of Dell Technologies from an “underweight” rating to an “equal weight” rating and set a $97.00 price target on the stock in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.06.

Dell Technologies Trading Up 7.2 %

Shares of DELL traded up $7.37 during mid-day trading on Thursday, hitting $110.32. 17,681,629 shares of the company traded hands, compared to its average volume of 10,294,320. The stock has a market capitalization of $78.25 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.34 and a beta of 0.92. The business has a 50-day moving average of $126.73 and a 200 day moving average of $120.24. Dell Technologies Inc. has a one year low of $53.62 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The firm had revenue of $22.24 billion for the quarter, compared to analyst estimates of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. As a group, analysts anticipate that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were issued a dividend of $0.445 per share. The ex-dividend date was Tuesday, July 23rd. This represents a $1.78 annualized dividend and a yield of 1.61%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the completion of the sale, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the transaction, the director now owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lake Group L.L.C. Silver sold 25,381 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 787,669 shares of the company’s stock, valued at $105,878,466.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,058,131 shares of company stock worth $963,293,619. Company 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).