Qsemble Capital Management LP Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

Qsemble Capital Management LP raised its stake in Dell Technologies Inc. (NYSE:DELL) by 103.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,778 shares of the technology company’s stock after purchasing an additional 3,961 shares during the quarter. Qsemble Capital Management LP’s holdings in Dell Technologies were worth $922,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EntryPoint Capital LLC boosted its position in Dell Technologies by 748.7% during the 1st quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock valued at $38,000 after buying an additional 292 shares during the period. BOKF NA grew its stake in shares of Dell Technologies by 38.2% in the first quarter. BOKF NA now owns 604 shares of the technology company’s stock worth $72,000 after purchasing an additional 167 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Dell Technologies by 151.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 781,500 shares of the technology company’s stock valued at $89,178,000 after purchasing an additional 470,642 shares during the period. California State Teachers Retirement System raised its position in Dell Technologies by 1.5% during the 1st quarter. California State Teachers Retirement System now owns 382,939 shares of the technology company’s stock valued at $43,697,000 after purchasing an additional 5,765 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in Dell Technologies by 114.2% in the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after buying an additional 5,432 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Activity

In related news, CFO Yvonne Mcgill sold 8,000 shares of the business’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 transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s 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 approximately $3,066,560. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,962,112 shares of company stock valued at $2,114,595,059 in the last ninety days. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Trading Down 1.7 %

DELL stock opened at $141.71 on Wednesday. The stock has a market capitalization of $99.54 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70. The stock’s 50 day simple moving average is $126.91 and its 200 day simple moving average is $126.97.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the business earned $1.62 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, research analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.26%. Dell Technologies’s payout ratio is 32.72%.

Analyst Ratings Changes

DELL has been the subject of a number of recent analyst reports. Citigroup upped their target price on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Morgan Stanley boosted their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Susquehanna initiated coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective for the company. Finally, Barclays upped their target price on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating 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’s stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $146.50.

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).