HCR Wealth Advisors Has $1.67 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

HCR Wealth Advisors raised its holdings in shares of Dell Technologies Inc. (NYSE:DELLFree Report) by 418.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,079 shares of the technology company’s stock after purchasing an additional 9,749 shares during the period. HCR Wealth Advisors’ holdings in Dell Technologies were worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. New York Life Investment Management LLC raised its position in shares of Dell Technologies by 12.5% in the 4th quarter. New York Life Investment Management LLC now owns 4,144 shares of the technology company’s stock valued at $317,000 after acquiring an additional 459 shares during the period. Fisher Asset Management LLC raised its position in shares of Dell Technologies by 2,535.5% in the 4th quarter. Fisher Asset Management LLC now owns 2,820 shares of the technology company’s stock valued at $216,000 after acquiring an additional 2,713 shares during the period. Private Advisor Group LLC raised its position in shares of Dell Technologies by 2.0% in the 4th quarter. Private Advisor Group LLC now owns 14,074 shares of the technology company’s stock valued at $1,077,000 after acquiring an additional 276 shares during the period. Apollon Wealth Management LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $336,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Dell Technologies by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,547,375 shares of the technology company’s stock valued at $118,374,000 after acquiring an additional 49,106 shares during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 1,205,052 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the transaction, the chief executive officer now directly owns 26,725,566 shares in the company, valued at $3,526,705,689.36. The sale was disclosed in a filing with the SEC, which is available through this link. In other Dell Technologies news, CEO Michael S. Dell sold 1,205,052 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $131.96, for a total value of $159,018,661.92. Following the transaction, the chief executive officer now directly owns 26,725,566 shares in the company, valued at $3,526,705,689.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the completion of the transaction, the director now owns 114,317 shares in the company, valued at $15,462,517.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,561,455 shares of company stock worth $762,858,509. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DELL. UBS Group cut their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Loop Capital lifted their price target on shares of 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 cut their price target on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. TD Cowen cut their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Finally, Sanford C. Bernstein cut their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.80.

Read Our Latest Research Report on DELL

Dell Technologies Stock Down 4.8 %

NYSE DELL opened at $102.00 on Monday. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70. The company has a market capitalization of $72.35 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.08 and a beta of 0.90. The firm’s 50 day moving average is $117.23 and its 200-day moving average is $123.65.

Dell Technologies (NYSE:DELLGet Free Report) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 182.71%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 earnings per share. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a yield of 1.75%. Dell Technologies’s payout ratio is 36.33%.

Dell Technologies Profile

(Free Report)

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).

See Also

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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