Hennion & Walsh Asset Management Inc. Grows Position in Dell Technologies Inc. (NYSE:DELL)

Hennion & Walsh Asset Management Inc. raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 10.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 42,288 shares of the technology company’s stock after acquiring an additional 3,883 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Dell Technologies were worth $5,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Zhang Financial LLC purchased a new stake in shares of Dell Technologies in the second quarter worth about $727,000. Western Wealth Management LLC bought a new position in Dell Technologies during the second quarter valued at approximately $260,000. Raymond James & Associates grew its holdings in shares of Dell Technologies by 74.4% in the second quarter. Raymond James & Associates now owns 483,562 shares of the technology company’s stock worth $66,688,000 after purchasing an additional 206,347 shares during the last quarter. OFI Invest Asset Management lifted its stake in Dell Technologies by 42,895.2% in the second quarter. OFI Invest Asset Management now owns 80,401 shares of the technology company’s stock worth $10,346,000 after acquiring an additional 80,214 shares during the period. Finally, Hoylecohen LLC purchased a new position in Dell Technologies during the second quarter valued at $236,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

NYSE DELL traded down $0.04 during trading on Monday, hitting $111.26. The company’s stock had a trading volume of 5,727,334 shares, compared to its average volume of 10,274,252. The company has a market cap of $78.92 billion, a PE ratio of 22.70, a P/E/G ratio of 1.34 and a beta of 0.92. The business’s 50 day simple moving average is $125.88 and its 200-day simple moving average is $120.88. Dell Technologies Inc. has a fifty-two week low of $53.62 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $21.70 billion. Analysts expect that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DELL shares. Wells Fargo & Company reduced their price objective on Dell Technologies from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, August 14th. Evercore ISI cut their price target on Dell Technologies from $165.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. TD Cowen boosted their price objective on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, May 31st. Sanford C. Bernstein boosted their price target on Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Finally, Barclays raised Dell Technologies from an “underweight” rating to an “equal weight” rating and set a $97.00 price objective on the stock in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.25.

Insider Buying and Selling

In related news, Director Lake Group L.L.C. Silver sold 25,381 shares of Dell Technologies stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the completion of the sale, the director now owns 787,669 shares of the company’s stock, valued at $105,878,466.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lake Group L.L.C. Silver sold 25,381 shares of Dell Technologies stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the completion of the transaction, the director now directly owns 787,669 shares in the company, valued at $105,878,466.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 16,887 shares of Dell Technologies stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $146.20, for a total value of $2,468,879.40. Following the transaction, the director now owns 787,669 shares of the company’s stock, valued at $115,157,207.80. The disclosure for this sale can be found here. Insiders sold 7,058,131 shares of company stock valued at $963,293,619 over the last quarter. 46.70% of the stock is currently owned by company insiders.

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).