Blue Trust Inc. Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

Blue Trust Inc. lifted its holdings in Dell Technologies Inc. (NYSE:DELL) by 132.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,409 shares of the technology company’s stock after purchasing an additional 802 shares during the quarter. Blue Trust Inc.’s holdings in Dell Technologies were worth $167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of DELL. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies in the second quarter worth $28,000. Clean Yield Group bought a new stake in shares of Dell Technologies in the third quarter worth $25,000. Nemes Rush Group LLC bought a new stake in shares of Dell Technologies in the second quarter worth $33,000. Crewe Advisors LLC bought a new stake in shares of Dell Technologies in the second quarter worth $34,000. Finally, New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies in the first quarter worth $30,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Up 1.6 %

NYSE DELL opened at $122.55 on Friday. The firm has a market cap of $86.93 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.29 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. The business has a 50-day moving average price of $116.73 and a 200-day moving average price of $125.27.

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 company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.44 earnings per share. Research analysts expect that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors 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 1.45%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Buying and Selling

In related 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 sale, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the sale, the chief executive officer now directly owns 16,912,241 shares in the company, valued at $2,070,058,298.40. This 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 this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the sale, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,953,387 shares of company stock worth $2,113,353,236. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on DELL shares. Bank of America lifted 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. Deutsche Bank Aktiengesellschaft started coverage on Dell Technologies in a report on Friday, September 27th. They issued a “buy” rating and a $144.00 price objective for the company. Susquehanna started coverage on Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. TD Cowen cut their price target 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, Raymond James cut their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $143.50.

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).