Great Valley Advisor Group Inc. Purchases 942 Shares of Dell Technologies Inc. (NYSE:DELL)

Great Valley Advisor Group Inc. grew its position in Dell Technologies Inc. (NYSE:DELL) by 16.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,538 shares of the technology company’s stock after buying an additional 942 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Dell Technologies were worth $775,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DELL. International Assets Investment Management LLC lifted its stake in 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 raised its holdings in shares of Dell Technologies by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after purchasing an additional 51,804 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 purchasing an additional 29,717 shares during the period. Bahl & Gaynor Inc. boosted its stake in shares of Dell Technologies by 4.1% during the second quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock valued at $194,289,000 after purchasing an additional 55,763 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Dell Technologies by 103.1% in the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after buying an additional 575,166 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DELL. Morgan Stanley increased their target price on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. 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 target price on the stock. Mizuho assumed coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target for the company. Raymond James cut their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, Evercore ISI restated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. 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, the company currently has an average rating of “Moderate Buy” and an average price target of $146.50.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 in the company, valued at approximately $3,066,560. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,954,112 shares of company stock valued at $2,113,449,139 over the last 90 days. Insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $144.16 on Tuesday. The business has a fifty day moving average of $126.42 and a 200 day moving average of $126.91. The firm has a market capitalization of $101.26 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.52 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 released its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.91 earnings per share 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 paid a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.23%. Dell Technologies’s payout ratio is currently 32.72%.

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).