Cladis Investment Advisory LLC Invests $1.07 Million in Dell Technologies Inc. (NYSE:DELL)

Cladis Investment Advisory LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,032 shares of the technology company’s stock, valued at approximately $1,071,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Clearline Capital LP purchased a new position in Dell Technologies in the 3rd quarter worth about $15,726,000. Concentric Capital Strategies LP raised its holdings in shares of Dell Technologies by 39.3% during the third quarter. Concentric Capital Strategies LP now owns 112,009 shares of the technology company’s stock valued at $13,278,000 after purchasing an additional 31,607 shares during the last quarter. Benjamin Edwards Inc. bought a new position in Dell Technologies during the third quarter valued at approximately $409,000. Kestra Investment Management LLC boosted its holdings in Dell Technologies by 232.6% in the third quarter. Kestra Investment Management LLC now owns 14,270 shares of the technology company’s stock worth $1,692,000 after purchasing an additional 9,980 shares during the last quarter. Finally, B&L Asset Management LLC bought a new position in shares of Dell Technologies during the 3rd quarter valued at $243,000. 38.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Melius Research boosted their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. UBS Group lowered their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. JPMorgan Chase & Co. upped their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Citigroup lowered their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company raised their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Price Performance

NYSE DELL opened at $127.59 on Monday. The stock has a market capitalization of $89.62 billion, a PE ratio of 22.54, a P/E/G ratio of 1.34 and a beta of 0.89. Dell Technologies Inc. has a 1-year low of $67.51 and a 1-year high of $179.70. The business has a 50 day simple moving average of $127.41 and a two-hundred day simple moving average of $126.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.40%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insider Buying and Selling at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,962,112 shares of company stock worth $2,114,595,059 over the last ninety days. Company 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).