Claro Advisors LLC Purchases New Position in Dell Technologies Inc. (NYSE:DELL)

Claro Advisors LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,087 shares of the technology company’s stock, valued at approximately $366,000.

Several other institutional investors have also modified their holdings of DELL. Mutual of America Capital Management LLC raised its stake in Dell Technologies by 910.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 35,375 shares of the technology company’s stock worth $4,193,000 after acquiring an additional 31,873 shares in the last quarter. Beaton Management Co. Inc. grew its holdings in shares of Dell Technologies by 31.2% during the third quarter. Beaton Management Co. Inc. now owns 2,075 shares of the technology company’s stock worth $246,000 after purchasing an additional 493 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Dell Technologies by 7.3% during the third quarter. Natixis Advisors LLC now owns 143,063 shares of the technology company’s stock worth $16,959,000 after purchasing an additional 9,782 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Dell Technologies in the 3rd quarter valued at about $1,010,000. Finally, Kentucky Retirement Systems acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at about $2,376,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $136.05 on Tuesday. The business’s fifty day moving average price is $123.63 and its 200 day moving average price is $126.55. The firm has a market capitalization of $95.56 billion, a PE ratio of 25.01, a P/E/G ratio of 1.39 and a beta of 0.89. Dell Technologies Inc. has a 1-year low of $67.51 and a 1-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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.44 EPS. Equities research analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 32.72%.

Analysts Set New Price Targets

DELL has been the subject of a number of research reports. Bank of America boosted their price objective on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Susquehanna initiated coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. UBS Group reduced their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. boosted their price target on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $145.88.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The trade was a 9.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 36.76 % 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 in the last ninety days. Corporate insiders own 46.70% of the company’s stock.

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).