Claro Advisors LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Claro Advisors LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,650 shares of the technology company’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accordant Advisory Group Inc bought a new stake in Dell Technologies in the second quarter worth about $28,000. Clean Yield Group purchased a new stake in Dell Technologies during the third quarter valued at about $25,000. Massmutual Trust Co. FSB ADV lifted its stake in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares in the last quarter. Nemes Rush Group LLC purchased a new stake in Dell Technologies during the second quarter valued at about $33,000. Finally, Crewe Advisors LLC purchased a new stake in Dell Technologies during the second quarter valued at about $34,000. 38.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Michael S. Dell sold 1,839,959 shares of the 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 approximately $1,957,665,690.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock worth $2,113,353,236 over the last 90 days. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

NYSE:DELL opened at $126.46 on Monday. The stock’s 50 day moving average price is $114.96 and its 200 day moving average price is $125.48. Dell Technologies Inc. has a 52 week low of $63.90 and a 52 week high of $179.70. The company has a market capitalization of $89.70 billion, a P/E ratio of 25.81, a P/E/G ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping 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 firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.41%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Raymond James reduced their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Bank of America upped their price objective 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. Mizuho began coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price objective for the company. Sanford C. Bernstein dropped their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Finally, TD Cowen dropped their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

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).