OLD National Bancorp IN Raises Position in Dell Technologies Inc. (NYSE:DELL)

OLD National Bancorp IN increased its position in Dell Technologies Inc. (NYSE:DELL) by 19.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,163 shares of the technology company’s stock after acquiring an additional 348 shares during the quarter. OLD National Bancorp IN’s holdings in Dell Technologies were worth $256,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Cyndeo Wealth Partners LLC lifted its position in shares of Dell Technologies by 10.6% in the third quarter. Cyndeo Wealth Partners LLC now owns 4,626 shares of the technology company’s stock valued at $548,000 after acquiring an additional 443 shares in the last quarter. Chicago Capital LLC lifted its holdings in Dell Technologies by 3.7% in the 3rd quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock worth $14,399,000 after purchasing an additional 4,385 shares in the last quarter. Raymond James & Associates boosted its stake in Dell Technologies by 21.4% in the 3rd quarter. Raymond James & Associates now owns 586,858 shares of the technology company’s stock worth $69,566,000 after purchasing an additional 103,296 shares during the period. Blue Trust Inc. grew its holdings in Dell Technologies by 132.1% during the 3rd quarter. Blue Trust Inc. now owns 1,409 shares of the technology company’s stock valued at $167,000 after buying an additional 802 shares in the last quarter. Finally, KMG Fiduciary Partners LLC bought a new stake in shares of Dell Technologies during the third quarter valued at approximately $2,272,000. 38.10% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $119.48 on Thursday. The business has a 50 day simple moving average of $116.30 and a two-hundred day simple moving average of $125.34. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70. The firm has a market capitalization of $84.75 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same period last year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts expect that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is presently 36.33%.

Analysts Set New Price Targets

Several research firms recently weighed in on DELL. Morgan Stanley cut their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Sanford C. Bernstein reduced their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Wells Fargo & Company cut their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Barclays upped their price objective on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Finally, Citigroup upped their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction 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 directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the sale, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 over the last quarter. 46.70% of the stock is owned by corporate insiders.

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).