Signaturefd LLC Raises Position in Dell Technologies Inc. (NYSE:DELL)

Signaturefd LLC raised its position in shares of Dell Technologies Inc. (NYSE:DELL) by 24.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,686 shares of the technology company’s stock after purchasing an additional 1,124 shares during the period. Signaturefd LLC’s holdings in Dell Technologies were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Dell Technologies by 18.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,919 shares of the technology company’s stock worth $2,615,000 after acquiring an additional 3,573 shares during the last quarter. Register Financial Advisors LLC purchased a new position in shares of Dell Technologies in the first quarter worth about $46,000. Pinnacle Bancorp Inc. raised its position in shares of Dell Technologies by 62.8% in the first quarter. Pinnacle Bancorp Inc. now owns 622 shares of the technology company’s stock valued at $71,000 after purchasing an additional 240 shares during the period. Kathmere Capital Management LLC boosted its holdings in Dell Technologies by 6.4% in the 1st quarter. Kathmere Capital Management LLC now owns 4,507 shares of the technology company’s stock worth $514,000 after buying an additional 272 shares during the period. Finally, KRS Capital Management LLC purchased a new position in Dell Technologies in the 1st quarter valued at approximately $299,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 0.9 %

Shares of NYSE DELL opened at $120.55 on Friday. The stock has a market cap of $85.51 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 1.29 and a beta of 0.90. The stock’s 50-day moving average is $116.30 and its 200 day moving average is $125.34. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share 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 firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.44 EPS. On average, analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wells Fargo & Company cut 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. Barclays lifted their target price on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Raymond James lowered their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Susquehanna assumed coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price on the stock. Finally, 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 report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 1,602,535 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $107.42, for a total transaction of $172,144,309.70. Following the transaction, the chief executive officer now directly owns 15,412,241 shares of the company’s stock, valued at approximately $1,655,582,928.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock worth $2,113,353,236 in the last ninety days. 46.70% of the stock is owned by company insiders.

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).