NWI Management LP Takes Position in Dell Technologies Inc. (NYSE:DELL)

NWI Management LP bought a new stake in Dell Technologies Inc. (NYSE:DELL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 270,000 shares of the technology company’s stock, valued at approximately $30,810,000. Dell Technologies accounts for approximately 0.9% of NWI Management LP’s portfolio, making the stock its 7th biggest position.

Several other institutional investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its position 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 purchasing an additional 82 shares in the last quarter. Central Bank & Trust Co. purchased a new stake in shares of Dell Technologies in the 1st quarter worth about $34,000. Jones Financial Companies Lllp purchased a new stake in shares of Dell Technologies in the 4th quarter worth about $25,000. EntryPoint Capital LLC boosted 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 buying an additional 292 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its position in shares of Dell Technologies by 96.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after buying an additional 188 shares in the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Michael S. Dell sold 2,837,829 shares of Dell Technologies stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the sale, the chief executive officer now owns 20,412,241 shares in the company, valued at $2,730,137,233.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael S. Dell sold 2,837,829 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the completion of the sale, the chief executive officer now owns 20,412,241 shares of the company’s stock, valued at $2,730,137,233.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’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 sale, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. Insiders have sold 7,058,131 shares of company stock worth $963,293,619 over the last 90 days. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

DELL traded up $2.13 on Friday, reaching $113.56. 8,419,931 shares of the company’s stock were exchanged, compared to its average volume of 10,385,951. The company’s 50 day moving average is $140.09 and its 200-day moving average is $118.72. The company has a market cap of $80.55 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.41 and a beta of 0.92. Dell Technologies Inc. has a twelve month low of $52.05 and a twelve month high of $179.70.

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

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.57%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Analysts Set New Price Targets

Several research firms recently commented on DELL. Barclays decreased their price objective on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, May 31st. Morgan Stanley restated an “overweight” rating and issued a $155.00 target price on shares of Dell Technologies in a report on Monday, June 17th. Wells Fargo & Company upped their target price on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Sanford C. Bernstein upped their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

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).