Abacus Planning Group Inc. Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Abacus Planning Group Inc. purchased a new position in shares of Dell Technologies Inc. (NYSE:DELLGet Rating) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 4,583 shares of the technology company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tudor Investment Corp Et Al acquired a new stake in Dell Technologies in the 3rd quarter valued at about $5,992,000. MML Investors Services LLC grew its stake in shares of Dell Technologies by 19.1% in the 3rd quarter. MML Investors Services LLC now owns 4,694 shares of the technology company’s stock valued at $488,000 after buying an additional 754 shares during the period. United Capital Financial Advisers LLC grew its stake in shares of Dell Technologies by 41.6% in the 3rd quarter. United Capital Financial Advisers LLC now owns 5,636 shares of the technology company’s stock valued at $586,000 after buying an additional 1,655 shares during the period. Atria Investments LLC grew its stake in shares of Dell Technologies by 9.8% in the 3rd quarter. Atria Investments LLC now owns 16,284 shares of the technology company’s stock valued at $1,694,000 after buying an additional 1,457 shares during the period. Finally, Cetera Advisors LLC grew its stake in shares of Dell Technologies by 64.8% in the 3rd quarter. Cetera Advisors LLC now owns 37,139 shares of the technology company’s stock valued at $3,864,000 after buying an additional 14,605 shares during the period. Hedge funds and other institutional investors own 30.05% of the company’s stock.

DELL has been the subject of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Dell Technologies from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Friday, May 27th. KGI Securities initiated coverage on shares of Dell Technologies in a research report on Tuesday, April 19th. They set a “neutral” rating for the company. The Goldman Sachs Group cut shares of Dell Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $68.00 to $61.00 in a research report on Friday, April 1st. Citigroup lowered their price objective on shares of Dell Technologies from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, May 23rd. Finally, TheStreet cut shares of Dell Technologies from a “b” rating to a “c+” rating in a research report on Friday, February 25th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $71.77.

Shares of DELL opened at $48.61 on Thursday. Dell Technologies Inc. has a twelve month low of $38.33 and a twelve month high of $61.54. The firm’s fifty day simple moving average is $46.99 and its 200-day simple moving average is $52.36. The firm has a market capitalization of $35.95 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.68 and a beta of 0.89. The company has a current ratio of 0.78, a quick ratio of 0.66 and a debt-to-equity ratio of 2.23.

Dell Technologies (NYSE:DELLGet Rating) last announced its quarterly earnings data on Thursday, May 26th. The technology company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.45. Dell Technologies had a net margin of 5.29% and a return on equity of 126.94%. The business had revenue of $26.12 billion for the quarter, compared to analyst estimates of $25.23 billion. During the same period last year, the business earned $2.13 EPS. The company’s revenue was up 15.6% on a year-over-year basis. On average, analysts predict that Dell Technologies Inc. will post 6.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Wednesday, July 20th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, July 19th. This represents a $1.32 annualized dividend and a yield of 2.72%. Dell Technologies’s dividend payout ratio is currently 18.11%.

In other Dell Technologies news, CAO Brunilda Rios sold 5,789 shares of the firm’s stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $48.00, for a total transaction of $277,872.00. Following the transaction, the chief accounting officer now directly owns 24,954 shares of the company’s stock, valued at approximately $1,197,792. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Richard J. Rothberg sold 64,892 shares of the firm’s stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $47.52, for a total transaction of $3,083,667.84. Following the transaction, the general counsel now directly owns 160,212 shares in the company, valued at $7,613,274.24. The disclosure for this sale can be found here. Insiders have sold a total of 144,263 shares of company stock worth $7,362,063 over the last quarter. 47.30% of the stock is owned by company insiders.

About Dell Technologies (Get Rating)

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.

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

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