Allspring Global Investments Holdings LLC Purchases 7,672 Shares of Dell Technologies Inc. (NYSE:DELL)

Allspring Global Investments Holdings LLC increased its position in Dell Technologies Inc. (NYSE:DELL) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,992 shares of the technology company’s stock after purchasing an additional 7,672 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Dell Technologies were worth $24,920,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Highland Capital Management LLC lifted its holdings in shares of Dell Technologies by 19.2% in the 1st quarter. Highland Capital Management LLC now owns 42,138 shares of the technology company’s stock worth $3,841,000 after purchasing an additional 6,791 shares in the last quarter. BSW Wealth Partners lifted its stake in Dell Technologies by 43.3% during the 1st quarter. BSW Wealth Partners now owns 17,480 shares of the technology company’s stock valued at $1,593,000 after acquiring an additional 5,283 shares in the last quarter. 3Chopt Investment Partners LLC bought a new position in Dell Technologies during the 1st quarter valued at $316,000. Kessler Investment Group LLC lifted its stake in Dell Technologies by 7.4% during the 1st quarter. Kessler Investment Group LLC now owns 85,740 shares of the technology company’s stock valued at $7,815,000 after acquiring an additional 5,917 shares in the last quarter. Finally, Transcend Capital Advisors LLC lifted its stake in Dell Technologies by 12.7% during the 1st quarter. Transcend Capital Advisors LLC now owns 2,279 shares of the technology company’s stock valued at $208,000 after acquiring an additional 257 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Activity at Dell Technologies

In related news, insider William F. Scannell sold 91,230 shares of the business’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the transaction, the insider owned 56,429 shares of the company’s stock, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the transaction, the director directly owned 938,741 shares of the company’s stock, valued at approximately $105,918,147.03. This represents a 35.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,113,977 shares of company stock valued at $1,471,321,229 in the last quarter. 42.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DELL shares. JPMorgan Chase & Co. raised their price objective on Dell Technologies from $111.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Evercore ISI restated an “outperform” rating on shares of Dell Technologies in a research note on Thursday, May 29th. Raymond James Financial raised their price objective on Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. Mizuho raised their price objective on Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. Finally, Wall Street Zen cut Dell Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Dell Technologies Stock Down 0.6%

DELL opened at $121.83 on Wednesday. The company has a market capitalization of $82.70 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.13 and a beta of 1.02. The firm has a 50-day moving average price of $109.06 and a 200-day moving average price of $105.11. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $150.23.

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

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.72%. Dell Technologies’s dividend payout ratio is currently 33.49%.

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).