Holland Advisory Services Inc. Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Holland Advisory Services Inc. bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,157 shares of the technology company’s stock, valued at approximately $297,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in Dell Technologies in the 4th quarter worth about $25,000. Massmutual Trust Co. FSB ADV lifted its stake 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 acquiring an additional 82 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in Dell Technologies in the 1st quarter worth about $30,000. Central Bank & Trust Co. bought a new stake in shares of Dell Technologies in the first quarter valued at about $34,000. Finally, EntryPoint Capital LLC raised its position in shares of Dell Technologies by 748.7% in the 1st quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock worth $38,000 after acquiring an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DELL. Loop Capital boosted their price target on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Morgan Stanley reissued an “overweight” rating and issued a $155.00 price objective on shares of Dell Technologies in a research note on Monday, June 17th. Evercore ISI cut their target price on Dell Technologies from $165.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday. Bank of America raised their target price on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Sanford C. Bernstein increased 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. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.69.

Dell Technologies Stock Up 3.1 %

NYSE:DELL traded up $3.05 during trading hours on Wednesday, hitting $102.99. 12,127,700 shares of the stock were exchanged, compared to its average volume of 10,246,428. The company’s 50 day moving average is $127.42 and its two-hundred day moving average is $120.36. The company has a market capitalization of $73.05 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92. Dell Technologies Inc. has a twelve month low of $53.62 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. The business 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%. On average, equities research analysts expect that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd were issued a $0.445 dividend. The ex-dividend date was Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.73%. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the completion of the transaction, the director now directly owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Lake Group L.L.C. Silver sold 25,381 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the sale, the director now owns 787,669 shares in the company, valued at approximately $105,878,466.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of Dell Technologies stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total value of $2,221,219.44. Following the completion of the transaction, the director now owns 806,352 shares in the company, valued at approximately $108,986,536.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,058,131 shares of company stock valued at $963,293,619. 46.70% of the stock is owned by 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).