Chevy Chase Trust Holdings LLC Purchases New Holdings in Dell Technologies Inc. (NYSE:DELL)

Chevy Chase Trust Holdings LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 155,244 shares of the technology company’s stock, valued at approximately $18,403,000.

A number of other institutional investors have also recently bought and sold shares of the business. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies in the 2nd quarter worth about $28,000. Clean Yield Group purchased a new position in Dell Technologies in the third quarter valued at about $25,000. Nemes Rush Group LLC bought a new position in shares of Dell Technologies during the 2nd quarter valued at approximately $33,000. Crewe Advisors LLC bought a new stake in shares of Dell Technologies in the 2nd quarter worth approximately $34,000. Finally, True Wealth Design LLC lifted its stake in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Performance

Dell Technologies stock opened at $125.54 on Wednesday. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The firm’s fifty day moving average price is $127.74 and its 200-day moving average price is $126.39. The stock has a market cap of $88.18 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 EPS. On average, analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.42%. Dell Technologies’s payout ratio is 31.45%.

Wall Street Analysts Forecast Growth

DELL has been the topic of several research reports. Bank of America boosted their target price on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Susquehanna started coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Sanford C. Bernstein reduced their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Evercore ISI restated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, TD Cowen lowered their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Insider Activity

In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,066,560. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,962,112 shares of company stock valued at $2,114,595,059. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Company 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).