Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 10.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,696 shares of the technology company’s stock after buying an additional 11,350 shares during the period. Vontobel Holding Ltd.’s holdings in Dell Technologies were worth $14,663,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DELL. Massmutual Trust Co. FSB ADV raised its holdings in shares of Dell Technologies by 58.2% during the 1st 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 during the period. Clean Yield Group purchased a new stake in shares of Dell Technologies during the third quarter valued at approximately $25,000. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies during the second quarter worth $28,000. New Covenant Trust Company N.A. acquired a new stake in Dell Technologies during the 1st quarter valued at $30,000. Finally, Nemes Rush Group LLC purchased a new stake in Dell Technologies during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analyst Ratings Changes

DELL has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Bank of America raised their price objective on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company reduced their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. UBS Group dropped their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Morgan Stanley reduced their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Stock Up 0.7 %

Shares of DELL stock opened at $126.74 on Thursday. The company has a market cap of $89.90 billion, a P/E ratio of 25.87, a PEG ratio of 1.29 and a beta of 0.90. The business has a 50 day moving average of $113.52 and a two-hundred day moving average of $125.37. Dell Technologies Inc. has a 52 week low of $63.90 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts expect that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be issued a $0.445 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.40%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Activity at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider William F. Scannell sold 42,595 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now directly owns 73,263 shares of the company’s stock, valued at $8,593,017.27. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction on Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,952,662 shares of company stock worth $2,113,259,348 in the last ninety days. 46.70% of the stock is owned by insiders.

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).