ASB Consultores LLC Grows Position in Dell Technologies Inc. (NYSE:DELL)

ASB Consultores LLC increased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 4.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,987 shares of the technology company’s stock after buying an additional 87 shares during the quarter. ASB Consultores LLC’s holdings in Dell Technologies were worth $236,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc purchased a new position in Dell Technologies during the 2nd quarter worth approximately $28,000. Clean Yield Group purchased a new position in shares of Dell Technologies in the 3rd quarter valued at approximately $25,000. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies in the 2nd quarter valued at approximately $33,000. Crewe Advisors LLC purchased a new position in shares of Dell Technologies in the 2nd quarter valued at approximately $34,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies in the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were 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 directly owns 23,680 shares of the company’s stock, valued at $3,066,560. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 16,912,241 shares in the company, valued at $2,070,058,298.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 completion of the sale, the director now 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 disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 over the last quarter. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Up 2.8 %

NYSE DELL opened at $133.48 on Wednesday. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The stock has a market cap of $93.76 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 1.38 and a beta of 0.89. The business has a fifty day moving average of $118.95 and a 200-day moving average of $125.69.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 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 negative return on equity of 178.09% and a net margin of 4.32%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. As a group, analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 32.72%.

Wall Street Analyst Weigh In

DELL has been the topic of several analyst reports. Evercore ISI reiterated an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 price target on the stock. Barclays lifted their price target on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. TD Cowen decreased their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Finally, Citigroup lifted their price target on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $143.50.

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).