Congress Park Capital LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Congress Park Capital LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 2,925 shares of the technology company’s stock, valued at approximately $347,000.

Several other hedge funds have also recently modified their holdings of the company. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies in the 2nd quarter worth approximately $28,000. Clean Yield Group bought a new stake in Dell Technologies during the 3rd quarter valued at $25,000. Massmutual Trust Co. FSB ADV grew its position in shares of Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares in the last quarter. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies during the 2nd quarter valued at $33,000. Finally, Crewe Advisors LLC purchased a new position in Dell Technologies in the second quarter worth $34,000. Institutional investors own 38.10% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 25,381 shares of Dell Technologies stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total value of $3,411,714.02. Following the sale, the director now directly owns 787,669 shares in the company, valued at approximately $105,878,466.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 25,381 shares of Dell Technologies stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total value of $3,411,714.02. Following the completion of the transaction, the director now directly owns 787,669 shares of the company’s stock, valued at $105,878,466.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction on 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,978,043 shares of company stock worth $2,116,671,062. Insiders own 46.70% of the company’s stock.

Dell Technologies Trading Up 1.4 %

DELL stock traded up $1.80 on Friday, hitting $126.60. The company had a trading volume of 2,923,631 shares, compared to its average volume of 10,515,697. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70. The stock’s 50-day simple moving average is $111.01 and its 200 day simple moving average is $124.91. The stock has a market cap of $88.92 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $24.14 billion. During the same period last year, the firm earned $1.44 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Research analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders 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 dividend yield of 1.41%. Dell Technologies’s payout ratio is 32.72%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Evercore ISI reiterated an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a research report on Wednesday, August 28th. Sanford C. Bernstein cut their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report 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 report on Friday, August 30th. Citigroup upped their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Barclays upped their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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).