Raleigh Capital Management Inc. Has $863,000 Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Raleigh Capital Management Inc. raised its position in Dell Technologies Inc. (NYSE:DELL) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,282 shares of the technology company’s stock after purchasing an additional 572 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Dell Technologies were worth $863,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors bought a new position in shares of Dell Technologies during the 1st quarter valued at $835,946,000. DekaBank Deutsche Girozentrale increased its position in Dell Technologies by 83.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after buying an additional 1,011,512 shares during the last quarter. Bahl & Gaynor Inc. lifted its position in shares of Dell Technologies by 159.8% in the first quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock worth $154,396,000 after buying an additional 832,144 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Dell Technologies by 303.6% during the 1st quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock worth $107,173,000 after acquiring an additional 705,167 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Dell Technologies by 103.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock valued at $156,275,000 after acquiring an additional 575,166 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DELL. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 target price for the company. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Evercore ISI reissued an “outperform” rating and set a $140.00 target price on shares of Dell Technologies in a research report on Wednesday, August 28th. Barclays lifted their price objective on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Finally, Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Three investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Price Performance

Shares of DELL opened at $125.67 on Tuesday. The firm has a 50-day moving average of $115.56 and a 200-day moving average of $125.47. The company has a market cap of $89.14 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results 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 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 previous year, the business earned $1.44 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. Analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a $0.445 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.42%. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

Insider Buying and Selling at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies 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 completion of 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 link. Also, 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 sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 in the last three months. 46.70% of the stock is currently owned by company insiders.

About Dell Technologies

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).