Eagle Global Advisors LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Eagle Global Advisors LLC bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,100 shares of the technology company’s stock, valued at approximately $237,000.

Several other large investors have also recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its stake in Dell Technologies by 5.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 134,093 shares of the technology company’s stock valued at $9,239,000 after buying an additional 7,197 shares during the last quarter. Signaturefd LLC raised its stake in Dell Technologies by 32.2% during the 3rd quarter. Signaturefd LLC now owns 4,882 shares of the technology company’s stock valued at $336,000 after buying an additional 1,189 shares during the last quarter. NBC Securities Inc. purchased a new stake in Dell Technologies during the 3rd quarter valued at $476,000. Achmea Investment Management B.V. raised its stake in Dell Technologies by 154.8% during the 3rd quarter. Achmea Investment Management B.V. now owns 79,068 shares of the technology company’s stock valued at $5,447,000 after buying an additional 48,036 shares during the last quarter. Finally, Empower Advisory Group LLC raised its stake in Dell Technologies by 4.9% during the 3rd quarter. Empower Advisory Group LLC now owns 4,986 shares of the technology company’s stock valued at $344,000 after buying an additional 235 shares during the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 4.3 %

Dell Technologies stock traded up $6.61 during mid-day trading on Friday, hitting $160.18. The stock had a trading volume of 17,563,663 shares, compared to its average volume of 6,967,731. The firm has a market capitalization of $114.33 billion, a P/E ratio of 36.65, a P/E/G ratio of 2.40 and a beta of 0.87. The firm’s 50 day moving average is $125.93 and its 200 day moving average is $97.72. Dell Technologies Inc. has a one year low of $44.45 and a one year high of $166.77.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.47. The company had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. Dell Technologies’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 EPS. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.74 earnings per share for the current year.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were paid a $0.445 dividend. The ex-dividend date was Monday, April 22nd. This represents a $1.78 annualized dividend and a yield of 1.11%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s payout ratio is presently 40.73%.

Insiders Place Their Bets

In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the sale, the director now directly owns 535,816 shares in the company, valued at approximately $71,997,595.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael S. Dell sold 41,550 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $107.03, for a total value of $4,447,096.50. Following the sale, the chief executive officer now directly owns 36,389,719 shares of the company’s stock, valued at approximately $3,894,791,624.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the sale, the director now directly owns 535,816 shares in the company, valued at $71,997,595.92. The disclosure for this sale can be found here. Insiders have sold a total of 6,382,204 shares of company stock worth $718,452,037 in the last 90 days. 48.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Morgan Stanley boosted their price objective on shares of Dell Technologies from $128.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. UBS Group boosted their price objective on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, April 19th. TD Cowen boosted their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research report on Friday, March 1st. Finally, Citigroup boosted their price objective on shares of Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $122.00.

About Dell Technologies

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).