Dell Technologies Inc. (NYSE:DELL) Shares Acquired by FCG Investment Co

FCG Investment Co lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 34.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,602 shares of the technology company’s stock after acquiring an additional 3,517 shares during the period. FCG Investment Co’s holdings in Dell Technologies were worth $1,612,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kercheville Advisors LLC purchased a new position in shares of Dell Technologies in the 3rd quarter valued at approximately $1,855,000. J.W. Cole Advisors Inc. raised its holdings in Dell Technologies by 395.8% during the third quarter. J.W. Cole Advisors Inc. now owns 15,671 shares of the technology company’s stock worth $1,858,000 after purchasing an additional 12,510 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Dell Technologies during the third quarter worth $3,959,000. Frank Rimerman Advisors LLC raised its holdings in shares of Dell Technologies by 27.8% in the third quarter. Frank Rimerman Advisors LLC now owns 14,319 shares of the technology company’s stock worth $1,697,000 after acquiring an additional 3,114 shares during the last quarter. Finally, MCF Advisors LLC raised its holdings in shares of Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after acquiring an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DELL. Evercore ISI reiterated an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a research note on Wednesday, August 28th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Sanford C. Bernstein cut their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. UBS Group dropped their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Wells Fargo & Company decreased their price objective on Dell Technologies from $150.00 to $140.00 and set an “overweight” 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s 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 transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. 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 accessible through the SEC website. In other news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,066,560. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 in the last quarter. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Trading Up 1.0 %

NYSE:DELL opened at $123.73 on Monday. The stock has a 50 day simple moving average of $116.73 and a 200 day simple moving average of $125.30. Dell Technologies Inc. has a 1-year low of $65.73 and a 1-year high of $179.70. The stock has a market cap of $87.76 billion, a P/E ratio of 25.01, a PEG ratio of 1.27 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 earnings per share. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

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 given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

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).