Game Plan Financial Advisors LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Game Plan Financial Advisors LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,548 shares of the technology company’s stock, valued at approximately $627,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Dell Technologies by 22.7% during 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 acquiring an additional 25,117 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Dell Technologies by 171.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock valued at $1,253,000 after acquiring an additional 10,350 shares during the last quarter. LRI Investments LLC bought a new stake in Dell Technologies during the first quarter worth about $104,000. Oppenheimer Asset Management Inc. boosted its position in Dell Technologies by 31.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after purchasing an additional 1,539 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $410,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Up 4.3 %

Shares of Dell Technologies stock traded up $4.80 during trading on Friday, reaching $115.54. The company’s stock had a trading volume of 33,433,633 shares, compared to its average volume of 11,410,623. The business’s 50-day moving average price is $120.21 and its 200-day moving average price is $122.49. Dell Technologies Inc. has a 52 week low of $53.62 and a 52 week high of $179.70. The firm has a market cap of $81.95 billion, a PE ratio of 23.58, a P/E/G ratio of 1.43 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 182.71%. The firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts predict that Dell Technologies Inc. will post 6.86 earnings per share for the current 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 is presently 36.33%.

Wall Street Analyst Weigh In

DELL has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Barclays lifted their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday. UBS Group dropped their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday. Citigroup lifted their price target on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday. Finally, Bank of America upped their price objective on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.88.

Insider Transactions at Dell Technologies

In related news, Director Lake Group L.L.C. Silver sold 25,381 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was 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 owns 787,669 shares of the company’s stock, valued at $105,878,466.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 shares were sold at an average price of $134.42, for a total value of $3,411,714.02. Following the transaction, the director now directly owns 787,669 shares of the company’s stock, valued at $105,878,466.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the sale, the director now owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,058,131 shares of company stock valued at $963,293,619. 46.70% of the stock is owned by corporate insiders.

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).