Cohen Capital Management Inc. Acquires Shares of 4,069 Dell Technologies Inc. (NYSE:DELL)

Cohen Capital Management Inc. bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 4,069 shares of the technology company’s stock, valued at approximately $371,000.

A number of other large investors also recently made changes to their positions in the stock. Brighton Jones LLC increased its stake in Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after purchasing an additional 901 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at $237,000. Independent Advisor Alliance raised its stake in Dell Technologies by 63.9% during the 4th quarter. Independent Advisor Alliance now owns 5,611 shares of the technology company’s stock worth $647,000 after buying an additional 2,187 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in Dell Technologies by 14.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 70,286 shares of the technology company’s stock worth $8,060,000 after acquiring an additional 9,031 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its stake in Dell Technologies by 6.3% in the fourth quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company’s stock valued at $230,000 after acquiring an additional 118 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Down 0.8%

Shares of Dell Technologies stock opened at $126.90 on Monday. The stock has a market capitalization of $86.15 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.17 and a beta of 1.02. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66. The company has a 50-day simple moving average of $114.25 and a two-hundred day simple moving average of $105.50.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 earnings per share. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.65%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies’s dividend payout ratio is currently 33.49%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group cut their price objective on Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Citigroup upped their price target on shares of Dell Technologies from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 30th. KeyCorp began coverage on Dell Technologies in a research note on Thursday, June 26th. They issued a “sector weight” rating on the stock. TD Cowen upped their price objective on Dell Technologies from $120.00 to $125.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Insider Buying and Selling at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer owned 25,912,241 shares of the company’s stock, valued at approximately $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lake Group L.L.C. Silver sold 10,681 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total value of $1,285,244.73. Following the completion of the transaction, the director owned 938,741 shares of the company’s stock, valued at $112,958,704.53. The trade was a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,113,977 shares of company stock worth $1,471,321,229 in the last three months. Company insiders own 42.00% 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).