Waddell & Associates LLC Raises Stake in Dell Technologies Inc. (NYSE:DELL)

Waddell & Associates LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 13.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,164 shares of the technology company’s stock after acquiring an additional 502 shares during the period. Waddell & Associates LLC’s holdings in Dell Technologies were worth $494,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies during the 2nd quarter worth about $28,000. Clean Yield Group purchased a new stake in Dell Technologies in the third quarter valued at approximately $25,000. Nemes Rush Group LLC purchased a new stake in shares of Dell Technologies in the 2nd quarter valued at $33,000. Crewe Advisors LLC acquired a new position in Dell Technologies during the 2nd quarter worth about $34,000. Finally, New Covenant Trust Company N.A. purchased a new position in Dell Technologies during the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DELL. TD Cowen reduced their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Morgan Stanley increased their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Raymond James cut their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 price objective for the company. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $146.50.

Dell Technologies Trading Up 3.8 %

Shares of Dell Technologies stock opened at $144.20 on Friday. The company has a fifty day simple moving average of $125.84 and a 200-day simple moving average of $126.86. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70. The stock has a market cap of $101.28 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.46 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business 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 was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 earnings per share. On average, analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.23%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insider Activity at Dell Technologies

In other news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This represents a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,954,112 shares of company stock worth $2,113,449,139 in the last 90 days. 46.70% of the stock is owned by insiders.

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).