Dell Technologies Inc. (NYSE:DELL) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,288 shares of the technology company’s stock after acquiring an additional 3,883 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Dell Technologies were worth $5,832,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Zhang Financial LLC bought a new stake in shares of Dell Technologies during the 2nd quarter worth about $727,000. Western Wealth Management LLC purchased a new position in Dell Technologies during the second quarter valued at approximately $260,000. Raymond James & Associates grew its position in Dell Technologies by 74.4% during the second quarter. Raymond James & Associates now owns 483,562 shares of the technology company’s stock valued at $66,688,000 after purchasing an additional 206,347 shares in the last quarter. OFI Invest Asset Management lifted its stake in Dell Technologies by 42,895.2% in the second quarter. OFI Invest Asset Management now owns 80,401 shares of the technology company’s stock valued at $10,346,000 after acquiring an additional 80,214 shares during the last quarter. Finally, Hoylecohen LLC acquired a new stake in Dell Technologies in the second quarter valued at approximately $236,000. 38.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DELL has been the subject of a number of analyst reports. Evercore ISI reduced their price objective on shares of Dell Technologies from $165.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Morgan Stanley decreased their price target on Dell Technologies from $155.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday. TD Cowen increased their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, May 31st. Wells Fargo & Company decreased their price target on shares of Dell Technologies from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 14th. Finally, Barclays upgraded shares of Dell Technologies from an “underweight” rating to an “equal weight” rating and set a $97.00 price objective on the stock in a report on Tuesday, August 13th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.25.

Dell Technologies Price Performance

Shares of NYSE DELL traded down $0.04 during mid-day trading on Monday, reaching $111.26. 5,727,334 shares of the company’s stock were exchanged, compared to its average volume of 10,274,252. The firm has a 50-day moving average price of $125.88 and a two-hundred day moving average price of $120.88. Dell Technologies Inc. has a 52 week low of $53.62 and a 52 week high of $179.70. The firm has a market capitalization of $78.92 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The business had revenue of $22.24 billion during the quarter, compared to analyst estimates of $21.70 billion. As a group, sell-side 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 given 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 1.60%. Dell Technologies’s payout ratio is currently 36.33%.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the sale, the director now directly owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of Dell Technologies stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the completion of the sale, the director now directly owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the transaction, the director now directly owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,058,131 shares of company stock valued at $963,293,619. Company insiders own 46.70% of the company’s stock.

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).