Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Pathstone Holdings LLC

Pathstone Holdings LLC raised its position in shares of Dell Technologies Inc. (NYSE:DELL) by 3.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,078 shares of the technology company’s stock after buying an additional 1,136 shares during the quarter. Pathstone Holdings LLC’s holdings in Dell Technologies were worth $3,803,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DELL. Accordant Advisory Group Inc bought a new position in Dell Technologies in the second quarter worth about $28,000. Clean Yield Group bought a new stake in shares of Dell Technologies in the 3rd quarter worth approximately $25,000. Nemes Rush Group LLC acquired a new position in Dell Technologies during the 2nd quarter valued at approximately $33,000. Crewe Advisors LLC bought a new position in Dell Technologies during the 2nd quarter worth $34,000. Finally, New Covenant Trust Company N.A. acquired a new stake in Dell Technologies in the first quarter worth $30,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $144.21 on Friday. The stock has a market capitalization of $101.29 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.46 and a beta of 0.89. Dell Technologies Inc. has a 1-year low of $67.51 and a 1-year high of $179.70. The company has a 50 day moving average price of $125.84 and a 200 day moving average price of $126.86.

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

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Citigroup upped their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Bank of America raised their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. boosted 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. Raymond James cut their target price 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. Finally, Morgan Stanley increased their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $146.50.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the 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. This represents a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction dated 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 owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The trade was a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,954,112 shares of company stock worth $2,113,449,139 over the last 90 days. 46.70% of the stock is owned by company 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).