Allen Capital Group LLC Invests $337,000 in Dell Technologies Inc. (NYSE:DELL)

Allen Capital Group LLC bought a new position in Dell Technologies Inc. (NYSE:DELL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,841 shares of the technology company’s stock, valued at approximately $337,000.

Other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. boosted its holdings in shares of Dell Technologies by 22.6% in the 3rd quarter. Citigroup Inc. now owns 349,623 shares of the technology company’s stock worth $41,444,000 after buying an additional 64,564 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of Dell Technologies by 13.6% in the 3rd quarter. Raymond James Trust N.A. now owns 11,242 shares of the technology company’s stock worth $1,333,000 after buying an additional 1,349 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Dell Technologies by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock worth $204,538,000 after buying an additional 29,717 shares during the last quarter. L & S Advisors Inc boosted its holdings in shares of Dell Technologies by 9.8% in the 3rd quarter. L & S Advisors Inc now owns 30,859 shares of the technology company’s stock worth $3,658,000 after buying an additional 2,757 shares during the last quarter. Finally, Smithfield Trust Co boosted its holdings in shares of Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after buying an additional 84 shares during the last quarter. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Trading Up 3.8 %

DELL stock opened at $144.20 on Friday. The company’s 50 day moving average is $125.84 and its 200 day moving average is $126.86. The stock has a market cap of $101.28 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 1.43 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 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 company had revenue of $25.03 billion for 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 for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 earnings per share. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 32.72%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the transaction, the director now owns 23,680 shares in the company, valued at $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,954,112 shares of company stock worth $2,113,449,139 over the last ninety days. Insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DELL. Raymond James cut their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Susquehanna initiated coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday. Finally, Bank of America upped their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.50.

About Dell Technologies

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).