International Assets Investment Management LLC Purchases 10,391 Shares of Dell Technologies Inc. (NYSE:DELL)

International Assets Investment Management LLC lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 501.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,465 shares of the technology company’s stock after acquiring an additional 10,391 shares during the quarter. International Assets Investment Management LLC’s holdings in Dell Technologies were worth $1,719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Dell Technologies by 22.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock worth $15,482,000 after purchasing an additional 25,117 shares during the period. Los Angeles Capital Management LLC boosted its stake in Dell Technologies by 171.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock worth $1,253,000 after purchasing an additional 10,350 shares during the period. LRI Investments LLC bought a new position in Dell Technologies in the 1st quarter worth about $104,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Dell Technologies by 31.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after acquiring an additional 1,539 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Dell Technologies in the 4th quarter valued at about $410,000. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Performance

DELL opened at $115.54 on Friday. The stock has a market capitalization of $81.95 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92. The stock’s 50 day moving average price is $120.21 and its 200-day moving average price is $122.22. Dell Technologies Inc. has a 52-week low of $53.62 and a 52-week high of $179.70.

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

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were issued a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 annualized dividend and a yield of 1.54%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DELL shares. Wells Fargo & Company lowered their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday. Loop Capital raised their price target on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Sanford C. Bernstein lowered their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday. Evercore ISI restated an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.88.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the transaction, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the transaction, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 2,837,829 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $133.75, for a total value of $379,559,628.75. Following the transaction, the chief executive officer now owns 20,412,241 shares in the company, valued at approximately $2,730,137,233.75. The disclosure for this sale can be found here. In the last quarter, 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).