True Wealth Design LLC Purchases 253 Shares of Dell Technologies Inc. (NYSE:DELL)

True Wealth Design LLC increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 2,530.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 263 shares of the technology company’s stock after purchasing an additional 253 shares during the period. True Wealth Design LLC’s holdings in Dell Technologies were worth $31,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies during the 2nd quarter worth approximately $28,000. Clean Yield Group bought a new position in Dell Technologies during the third quarter worth $25,000. Nemes Rush Group LLC acquired a new position in shares of Dell Technologies in the second quarter valued at $33,000. Crewe Advisors LLC bought a new position in shares of Dell Technologies in the second quarter valued at about $34,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Dell Technologies during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the sale, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. This trade represents a 9.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,962,112 shares of company stock worth $2,114,595,059. Company insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DELL shares. UBS Group lowered their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Mizuho dropped their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Morgan Stanley upped their price objective on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Raymond James dropped their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.18.

Dell Technologies Trading Up 2.6 %

NYSE DELL opened at $127.59 on Monday. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70. The firm has a market capitalization of $89.62 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The business’s 50-day moving average price is $127.41 and its two-hundred day moving average price is $126.70.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.62 EPS. As a group, analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.40%. Dell Technologies’s payout ratio is 31.45%.

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).