Detalus Advisors LLC Purchases New Position in Dell Technologies Inc. (NYSE:DELL)

Detalus Advisors LLC acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,004 shares of the technology company’s stock, valued at approximately $356,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Clean Yield Group acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at $25,000. Accordant Advisory Group Inc bought a new position in Dell Technologies during the second quarter valued at about $28,000. New Covenant Trust Company N.A. acquired a new stake in shares of Dell Technologies in the first quarter worth about $30,000. Nemes Rush Group LLC bought a new stake in shares of Dell Technologies during the 2nd quarter worth about $33,000. Finally, Crewe Advisors LLC bought a new position in shares of Dell Technologies in the 2nd quarter valued at approximately $34,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of NYSE:DELL traded up $0.65 during midday trading on Wednesday, reaching $121.05. The company’s stock had a trading volume of 1,875,340 shares, compared to its average volume of 10,325,505. The business’s fifty day simple moving average is $115.97 and its 200-day simple moving average is $125.38. The company has a market capitalization of $85.86 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.47%. Dell Technologies’s payout ratio is 36.33%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was 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 in the company, valued at $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 directly owns 23,680 shares in the company, valued at $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. Company insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DELL. Sanford C. Bernstein decreased their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. 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 research note on Friday, August 30th. Morgan Stanley cut their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft began coverage on shares of Dell Technologies in a report on Friday, September 27th. They issued a “buy” rating and a $144.00 price target for the company. Finally, Raymond James decreased their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.50.

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).