Chicago Capital LLC Boosts Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Chicago Capital LLC lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 183.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,081 shares of the technology company’s stock after buying an additional 75,791 shares during the period. Chicago Capital LLC’s holdings in Dell Technologies were worth $16,147,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of Dell Technologies in the 4th quarter worth about $25,000. Massmutual Trust Co. FSB ADV lifted its position in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares in the last quarter. Accordant Advisory Group Inc purchased a new stake in Dell Technologies during the second quarter worth approximately $28,000. New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies in the 1st quarter valued at $30,000. Finally, Central Bank & Trust Co. acquired a new position in shares of Dell Technologies during the 1st quarter valued at $34,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Down 4.8 %

NYSE:DELL traded down $5.16 during trading hours on Friday, reaching $102.00. 11,962,617 shares of the stock were exchanged, compared to its average volume of 10,379,284. Dell Technologies Inc. has a 52 week low of $63.90 and a 52 week high of $179.70. The stock has a market capitalization of $72.35 billion, a P/E ratio of 20.82, a P/E/G ratio of 1.43 and a beta of 0.90. The firm has a 50 day simple moving average of $117.23 and a 200-day simple moving average of $123.07.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion during 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 was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 earnings per share. As a group, analysts expect that Dell Technologies Inc. will post 6.86 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were paid a $0.445 dividend. The ex-dividend date 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 currently 36.33%.

Analyst Ratings Changes

Several research analysts have commented on DELL shares. JPMorgan Chase & Co. raised their price objective on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Raymond James reduced their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Morgan Stanley lowered their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Finally, UBS Group lowered their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $136.80.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’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 completion of the transaction, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies 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 owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael S. Dell sold 1,340,823 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $133.67, for a total value of $179,227,810.41. Following the completion of the transaction, the chief executive officer now directly owns 28,931,999 shares of the company’s stock, valued at approximately $3,867,340,306.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,902,278 shares of company stock valued at $942,086,320. 46.70% of the stock is currently owned by insiders.

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).