Park Place Capital Corp Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

Park Place Capital Corp boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 14.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,773 shares of the technology company’s stock after acquiring an additional 871 shares during the quarter. Park Place Capital Corp’s holdings in Dell Technologies were worth $934,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital World Investors acquired a new stake in Dell Technologies in the first quarter valued at $835,946,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Dell Technologies by 449.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after buying an additional 3,038,891 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Dell Technologies by 1,071.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,213,463 shares of the technology company’s stock worth $92,281,000 after buying an additional 1,109,876 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Dell Technologies by 311.5% in the first quarter. Assenagon Asset Management S.A. now owns 1,195,871 shares of the technology company’s stock worth $136,461,000 after acquiring an additional 905,279 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of Dell Technologies by 2,466.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock valued at $67,810,000 after acquiring an additional 851,867 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insiders Place Their Bets

In related news, 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 value of $61,799,321.31. Following the sale, the director now directly owns 731,612 shares in the company, valued at approximately $116,172,669.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael S. Dell sold 1,205,052 shares of the stock in a transaction that occurred 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 completion of 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 shares were sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the transaction, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,058,131 shares of company stock worth $963,293,619. Insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock traded down $6.14 on Friday, hitting $102.29. 11,832,725 shares of the stock traded hands, compared to its average volume of 10,123,306. The company has a market capitalization of $72.55 billion, a PE ratio of 20.88, a PEG ratio of 1.34 and a beta of 0.92. The company’s fifty day moving average is $135.89 and its 200 day moving average is $119.77. Dell Technologies Inc. has a 1-year low of $52.05 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The firm had revenue of $22.24 billion for the quarter, compared to analyst estimates of $21.70 billion. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DELL. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. TD Cowen raised their target price on shares of Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. UBS Group boosted their target price on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Loop Capital increased their price target on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.81.

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).