Voisard Asset Management Group Inc. Purchases 499 Shares of Dell Technologies Inc. (NYSE:DELL)

Voisard Asset Management Group Inc. raised its stake in Dell Technologies Inc. (NYSE:DELL) by 49,900.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 500 shares of the technology company’s stock after buying an additional 499 shares during the quarter. Voisard Asset Management Group Inc.’s holdings in Dell Technologies were worth $59,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Capital World Investors bought a new stake in shares of Dell Technologies in the first quarter worth $835,946,000. International Assets Investment Management LLC lifted its position in shares of Dell Technologies by 19,376.1% in the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after purchasing an additional 2,415,234 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Dell Technologies by 2.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock worth $319,771,000 after purchasing an additional 51,804 shares in the last quarter. Bahl & Gaynor Inc. lifted its position in shares of Dell Technologies by 4.1% in the second quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock worth $194,289,000 after purchasing an additional 55,763 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of 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 in the last quarter. Institutional investors own 38.10% of the company’s stock.

Insider Buying and Selling

In other news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the transaction, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock valued at $2,113,353,236 over the last quarter. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Up 6.4 %

DELL opened at $129.41 on Thursday. Dell Technologies Inc. has a twelve month low of $65.73 and a twelve month high of $179.70. The company has a 50-day simple moving average of $117.48 and a 200 day simple moving average of $125.33. The stock has a market capitalization of $90.90 billion, a price-to-earnings ratio of 23.79, a P/E/G 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. 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 quarter in the prior year, the business posted $1.44 earnings per share. Dell Technologies’s revenue was up 9.1% compared to the same quarter last year. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.38%. Dell Technologies’s dividend payout ratio is 32.72%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DELL shares. UBS Group cut their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Bank of America boosted their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Wells Fargo & Company lowered their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, Barclays boosted their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average price target of $143.50.

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).