Kercheville Advisors LLC Makes New $1.86 Million Investment in Dell Technologies Inc. (NYSE:DELL)

Kercheville Advisors LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,652 shares of the technology company’s stock, valued at approximately $1,855,000. Dell Technologies makes up about 0.8% of Kercheville Advisors LLC’s investment portfolio, making the stock its 28th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DELL. Capital World Investors bought a new position in shares of Dell Technologies during the first quarter valued at $835,946,000. International Assets Investment Management LLC grew its stake 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 acquiring an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale grew its position in Dell Technologies by 83.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after purchasing an additional 1,011,512 shares during the period. Bahl & Gaynor Inc. boosted its stake in shares of Dell Technologies by 159.8% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock worth $154,396,000 after buying an additional 832,144 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Dell Technologies by 303.6% in the first quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock valued at $107,173,000 after acquiring an additional 705,167 shares during the period. Institutional investors own 38.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DELL shares. Sanford C. Bernstein reduced their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Citigroup upped their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. upped their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Bank of America upped their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Raymond James cut their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by insiders.

Dell Technologies Trading Up 1.6 %

Shares of Dell Technologies stock opened at $122.55 on Monday. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70. The stock’s fifty day moving average price is $116.73 and its 200-day moving average price is $125.30. The firm has a market cap of $86.93 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.27 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data 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 firm had revenue of $25.03 billion for 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 company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $1.44 earnings per share. 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 announced 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 is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.45%. Dell Technologies’s payout ratio is 36.33%.

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).