OneAscent Wealth Management LLC Acquires 1,399 Shares of Dell Technologies Inc. (NYSE:DELL)

OneAscent Wealth Management LLC grew its holdings in Dell Technologies Inc. (NYSE:DELL) by 61.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,667 shares of the technology company’s stock after purchasing an additional 1,399 shares during the period. OneAscent Wealth Management LLC’s holdings in Dell Technologies were worth $435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kingsview Wealth Management LLC purchased a new position in Dell Technologies during the first quarter valued at approximately $282,000. Seven Eight Capital LP purchased a new position in Dell Technologies during the first quarter valued at approximately $513,000. Clearbridge Investments LLC purchased a new position in Dell Technologies during the first quarter valued at approximately $27,180,000. UniSuper Management Pty Ltd grew its stake in Dell Technologies by 78.9% during the first quarter. UniSuper Management Pty Ltd now owns 3,400 shares of the technology company’s stock valued at $388,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in Dell Technologies by 3,911.8% in the 1st quarter. Bessemer Group Inc. now owns 13,640 shares of the technology company’s stock worth $1,556,000 after buying an additional 13,300 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Performance

NYSE:DELL traded up $3.33 during midday trading on Monday, reaching $134.97. 1,650,815 shares of the stock traded hands, compared to its average volume of 10,041,992. The company has a fifty day moving average of $123.03 and a 200 day moving average of $126.46. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70. The stock has a market capitalization of $94.80 billion, a P/E ratio of 24.20, a PEG ratio of 1.39 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $24.14 billion. During the same period in the prior year, the business posted $1.44 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were issued a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.32%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Wells Fargo & Company cut their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Raymond James cut their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Evercore ISI reissued an “outperform” rating and issued a $140.00 price target on shares of Dell Technologies in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.63.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction on 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 directly owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. This represents a 9.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William F. Scannell sold 42,595 shares of the 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 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is currently 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).