Kovack Advisors Inc. Grows Holdings in Dell Technologies Inc. (NYSE:DELL)

Kovack Advisors Inc. raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 45.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,824 shares of the technology company’s stock after purchasing an additional 1,202 shares during the quarter. Kovack Advisors Inc.’s holdings in Dell Technologies were worth $453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DELL. US Bancorp DE boosted its stake in Dell Technologies by 11.6% during the 1st quarter. US Bancorp DE now owns 23,855 shares of the technology company’s stock valued at $2,722,000 after acquiring an additional 2,476 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in Dell Technologies by 30.4% in the first quarter. Avantax Advisory Services Inc. now owns 6,513 shares of the technology company’s stock worth $743,000 after purchasing an additional 1,520 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Dell Technologies by 22.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after buying an additional 25,117 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in Dell Technologies during the 1st quarter worth approximately $282,000. Finally, HBK Sorce Advisory LLC acquired a new position in shares of Dell Technologies in the 1st quarter worth approximately $206,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

DELL stock opened at $134.43 on Friday. The firm has a market capitalization of $94.42 billion, a P/E ratio of 24.71, a P/E/G ratio of 1.44 and a beta of 0.89. Dell Technologies Inc. has a 52-week low of $67.51 and a 52-week high of $179.70. The company’s 50 day simple moving average is $121.89 and its 200-day simple moving average is $126.31.

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

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This represents a 1.08 % 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. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’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 completion of the sale, the director now directly owns 23,680 shares in the company, 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 sold 17,953,387 shares of company stock valued at $2,113,353,236 over the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the topic of several research analyst reports. Raymond James reduced their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Bank of America upped their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Mizuho initiated coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a research report on Friday, September 27th. They issued a “buy” rating and a $144.00 target price for the company. Finally, Citigroup lifted their price target on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.63.

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).