Quantinno Capital Management LP Has $6.13 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Quantinno Capital Management LP increased its position in shares of Dell Technologies Inc. (NYSE:DELLFree Report) by 10.2% in the third quarter, HoldingsChannel reports. The firm owned 51,746 shares of the technology company’s stock after purchasing an additional 4,773 shares during the period. Quantinno Capital Management LP’s holdings in Dell Technologies were worth $6,134,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DELL. Clean Yield Group acquired a new stake in shares of Dell Technologies during the 3rd quarter worth about $25,000. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies during the 2nd quarter worth about $28,000. True Wealth Design LLC increased its position in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies during the 2nd quarter worth about $33,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Dell Technologies during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Price Performance

Dell Technologies stock opened at $123.40 on Friday. The company’s 50 day simple moving average is $127.84 and its 200 day simple moving average is $126.38. Dell Technologies Inc. has a fifty-two week low of $67.57 and a fifty-two week high of $179.70. The firm has a market capitalization of $86.67 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.33 and a beta of 0.90.

Dell Technologies (NYSE:DELLGet Free Report) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter last year, the firm earned $1.62 EPS. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.44%. Dell Technologies’s payout ratio is 31.45%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DELL shares. Susquehanna assumed coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price for the company. Sanford C. Bernstein decreased their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. TD Cowen decreased their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Get Our Latest Research Report on Dell Technologies

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 1,602,535 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $107.42, for a total transaction of $172,144,309.70. Following the sale, the chief executive officer now directly owns 15,412,241 shares in the company, valued at approximately $1,655,582,928.22. This trade represents a 9.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the sale, the insider now owns 73,263 shares in the company, valued at $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. Insiders have sold 17,748,652 shares of company stock valued at $2,092,997,196 in the last 90 days. 46.70% of the stock is owned by insiders.

Dell Technologies Company Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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