Doheny Asset Management CA Takes Position in Dell Technologies Inc. (NYSE:DELL)

Doheny Asset Management CA purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,300 shares of the technology company’s stock, valued at approximately $455,000.

Several other large investors have also made changes to their positions in DELL. Full Sail Capital LLC acquired a new position in Dell Technologies in the second quarter valued at about $205,000. Empirical Capital Management LLC bought a new stake in shares of Dell Technologies in the second quarter worth about $276,000. Kathmere Capital Management LLC increased its holdings in shares of Dell Technologies by 2.2% in the second quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock worth $635,000 after acquiring an additional 100 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Dell Technologies in the second quarter worth about $3,474,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Dell Technologies by 9.2% in the second quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock worth $3,111,000 after acquiring an additional 1,902 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analysts Set New Price Targets

DELL has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a report on Friday. They issued a “buy” rating and a $144.00 price target for the company. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. TD Cowen decreased their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Bank of America increased their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Stock Down 5.0 %

DELL stock opened at $120.22 on Friday. The business has a 50 day moving average price of $110.38 and a two-hundred day moving average price of $124.43. The company has a market cap of $85.27 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same period last year, the firm posted $1.44 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be given a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.48%. Dell Technologies’s payout ratio is 36.33%.

Insider Activity

In other news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider William F. Scannell sold 42,595 shares of Dell Technologies 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 sale, the insider now directly owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The disclosure for this sale can be found here. Insiders sold a total of 9,007,047 shares of company stock valued at $1,041,595,745 over the last three months. Insiders own 46.70% of the company’s stock.

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).