Dell Technologies Inc. (NYSE:DELL) Shares Bought by Integrated Advisors Network LLC

Integrated Advisors Network LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 54.7% in the third quarter, Holdings Channel reports. The institutional investor owned 45,126 shares of the technology company’s stock after buying an additional 15,962 shares during the quarter. Integrated Advisors Network LLC’s holdings in Dell Technologies were worth $5,349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DELL. Clean Yield Group bought a new stake in shares of Dell Technologies in the 3rd quarter worth about $25,000. Accordant Advisory Group Inc bought a new stake in Dell Technologies in the second quarter valued at about $28,000. New Covenant Trust Company N.A. bought a new position in Dell Technologies during the 1st quarter worth approximately $30,000. Nemes Rush Group LLC acquired a new position in shares of Dell Technologies in the 2nd quarter worth approximately $33,000. Finally, Crewe Advisors LLC bought a new stake in Dell Technologies during the second quarter valued at $34,000. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Trading Down 0.4 %

Shares of Dell Technologies stock opened at $120.18 on Tuesday. Dell Technologies Inc. has a 1 year low of $65.73 and a 1 year high of $179.70. The company has a market cap of $85.24 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.27 and a beta of 0.90. The stock has a 50-day moving average price of $116.91 and a 200 day moving average price of $125.27.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping 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 business 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. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Bank of America boosted their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. TD Cowen decreased 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. Citigroup lifted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Sanford C. Bernstein lowered their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average price target of $143.50.

Insider Transactions at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the transaction, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. This trade 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 the SEC website. In related news, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the sale, the chief executive officer now 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. In the last quarter, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is owned by corporate insiders.

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).