Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in Dell Technologies Inc. (NYSE:DELL) by 20.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 645,994 shares of the technology company’s stock after buying an additional 108,547 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.09% of Dell Technologies worth $76,576,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC grew its stake in shares of Dell Technologies by 38.5% in the third quarter. Apollon Wealth Management LLC now owns 6,923 shares of the technology company’s stock worth $821,000 after purchasing an additional 1,923 shares in the last quarter. FDx Advisors Inc. grew its stake in shares of Dell Technologies by 41.9% in the third quarter. FDx Advisors Inc. now owns 2,918 shares of the technology company’s stock worth $346,000 after purchasing an additional 861 shares in the last quarter. Opinicus Capital Inc. bought a new position in shares of Dell Technologies in the third quarter worth $611,000. Laffer Tengler Investments Inc. grew its stake in shares of Dell Technologies by 147.0% in the third quarter. Laffer Tengler Investments Inc. now owns 52,806 shares of the technology company’s stock worth $6,260,000 after purchasing an additional 31,424 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Dell Technologies in the third quarter worth $383,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Trading Down 0.1 %

Shares of Dell Technologies stock opened at $134.43 on Friday. The stock has a 50-day moving average price of $121.89 and a 200 day moving average price of $126.31. The company has a market cap of $94.42 billion, a P/E ratio of 24.73, a P/E/G ratio of 1.44 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 data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm 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 period in the prior year, the business earned $1.44 EPS. On average, equities analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.32%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 32.72%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Bank of America increased their price target on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Citigroup raised their target price on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Morgan Stanley raised their target price on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday. UBS Group decreased their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note 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. According to MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $144.63.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s 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 directly owns 23,680 shares of the company’s stock, valued at $3,066,560. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. Corporate insiders own 46.70% of the company’s stock.

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).