Private Advisor Group LLC Increases Stake in Dell Technologies Inc. (NYSE:DELL)

Private Advisor Group LLC raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 110.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 61,069 shares of the technology company’s stock after purchasing an additional 32,074 shares during the quarter. Private Advisor Group LLC’s holdings in Dell Technologies were worth $7,239,000 at the end of the most recent reporting period.

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

Dell Technologies Price Performance

DELL stock opened at $122.54 on Friday. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70. The firm has a market capitalization of $86.92 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.29 and a beta of 0.90. The business’s 50-day moving average is $116.51 and its two-hundred day moving average is $125.30.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) 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 quarter in the previous year, the firm earned $1.44 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts expect that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Sanford C. Bernstein cut their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. JPMorgan Chase & Co. increased their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Susquehanna started coverage on Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

Insider Activity

In related news, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’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 completion of 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is currently owned by insiders.

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).