InTrack Investment Management Inc Raises Position in Dell Technologies Inc. (NYSE:DELL)

InTrack Investment Management Inc grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 134.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,403 shares of the technology company’s stock after buying an additional 3,103 shares during the quarter. InTrack Investment Management Inc’s holdings in Dell Technologies were worth $640,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Dell Technologies by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after purchasing an additional 647,192 shares in the last quarter. Capital World Investors bought a new stake in shares of Dell Technologies in the first quarter worth approximately $835,946,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Dell Technologies by 2.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after purchasing an additional 51,804 shares during the last quarter. Bahl & Gaynor Inc. lifted its position in Dell Technologies by 4.1% during the second quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock valued at $194,289,000 after purchasing an additional 55,763 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Dell Technologies by 103.1% in the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after purchasing an additional 575,166 shares during the last quarter. 38.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DELL shares. UBS Group lowered their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. 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 research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 price objective on the stock. Sanford C. Bernstein cut their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Finally, Mizuho initiated coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $143.50.

Insider Transactions at Dell Technologies

In related news, Director Lake Group L.L.C. Silver sold 25,381 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total value of $3,411,714.02. Following the sale, the director now owns 787,669 shares in the company, valued at approximately $105,878,466.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction 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 in the company, valued at $1,957,665,690.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lake Group L.L.C. Silver sold 25,381 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the transaction, the director now owns 787,669 shares in the company, valued at $105,878,466.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,978,043 shares of company stock valued at $2,116,671,062 in the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

DELL stock opened at $127.73 on Friday. The company has a market capitalization of $90.60 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70. The business has a 50 day simple moving average of $111.52 and a two-hundred day simple moving average of $125.09.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate 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 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 company posted $1.44 earnings per share. Dell Technologies’s quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s payout ratio is 36.33%.

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).