Cowa LLC Makes New $210,000 Investment in Dell Technologies Inc. (NYSE:DELL)

Cowa LLC bought a new position in Dell Technologies Inc. (NYSE:DELLGet Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,731 shares of the technology company’s stock, valued at approximately $210,000.

Other hedge funds have also bought and sold shares of the company. SouthState Corp bought a new stake in shares of Dell Technologies during the 3rd quarter worth $28,000. Endurance Wealth Management Inc. boosted its holdings in shares of Dell Technologies by 317.8% during the 4th quarter. Endurance Wealth Management Inc. now owns 493 shares of the technology company’s stock worth $28,000 after buying an additional 375 shares during the period. TCI Wealth Advisors Inc. boosted its holdings in shares of Dell Technologies by 341.8% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 296 shares of the technology company’s stock worth $31,000 after buying an additional 229 shares during the period. Motco boosted its holdings in shares of Dell Technologies by 285.9% during the 3rd quarter. Motco now owns 301 shares of the technology company’s stock worth $31,000 after buying an additional 223 shares during the period. Finally, CVA Family Office LLC raised its stake in Dell Technologies by 68.8% during the 4th quarter. CVA Family Office LLC now owns 589 shares of the technology company’s stock valued at $33,000 after purchasing an additional 240 shares during the last quarter. 32.20% of the stock is owned by institutional investors.

Shares of NYSE DELL traded up $0.50 during mid-day trading on Monday, hitting $47.44. The company’s stock had a trading volume of 3,564,826 shares, compared to its average volume of 4,284,317. The stock has a market cap of $36.07 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.70 and a beta of 0.91. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.80 and a quick ratio of 0.70. Dell Technologies Inc. has a one year low of $45.29 and a one year high of $61.54. The company’s fifty day simple moving average is $52.67 and its 200-day simple moving average is $63.06.

Dell Technologies (NYSE:DELLGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The technology company reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.23). The firm had revenue of $27.99 billion during the quarter, compared to analyst estimates of $27.52 billion. Dell Technologies had a net margin of 5.20% and a return on equity of 87.33%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.70 earnings per share. On average, sell-side analysts predict that Dell Technologies Inc. will post 5.58 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Wednesday, April 20th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.78%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, April 19th.

In other Dell Technologies news, CAO Brunilda Rios sold 5,789 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 24,954 shares in the company, valued at approximately $1,197,792. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William F. Scannell sold 124,718 shares of the firm’s stock in a transaction that occurred on Thursday, March 24th. The stock was sold at an average price of $53.52, for a total transaction of $6,674,907.36. The disclosure for this sale can be found here. Insiders sold a total of 327,907 shares of company stock worth $17,145,029 over the last quarter. 47.00% of the stock is currently owned by corporate insiders.

Several research firms recently commented on DELL. The Goldman Sachs Group cut shares of Dell Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $68.00 to $61.00 in a research note on Friday, April 1st. Raymond James cut their target price on shares of Dell Technologies from $60.00 to $57.00 and set an “outperform” rating for the company in a research note on Monday, February 28th. Evercore ISI upgraded shares of Dell Technologies from an “in-line” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Tuesday, March 8th. Zacks Investment Research cut shares of Dell Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 28th. Finally, Barclays dropped their price objective on shares of Dell Technologies from $54.00 to $53.00 and set an “equal weight” rating for the company in a research note on Thursday, March 31st. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $83.07.

About Dell Technologies (Get Rating)

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports Information technology solutions, products, and services worldwide. It 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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