Private Advisor Group LLC Acquires 32,074 Shares of Dell Technologies Inc. (NYSE:DELL)

Private Advisor Group LLC raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 110.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,069 shares of the technology company’s stock after acquiring an additional 32,074 shares during the quarter. Private Advisor Group LLC’s holdings in Dell Technologies were worth $7,239,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies in the second quarter valued at approximately $28,000. Clean Yield Group purchased a new stake in shares of Dell Technologies in the 3rd quarter worth $25,000. Nemes Rush Group LLC bought a new position in shares of Dell Technologies during the 2nd quarter worth $33,000. Crewe Advisors LLC purchased a new position in shares of Dell Technologies during the second quarter valued at $34,000. Finally, New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies in the first quarter valued at about $30,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley cut their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Barclays boosted their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note 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 on the stock in a report on Friday, August 30th. Sanford C. Bernstein decreased their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Finally, Citigroup boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236 in the last 90 days. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Price Performance

Shares of DELL stock opened at $122.54 on Friday. The business has a fifty day moving average of $116.51 and a 200 day moving average of $125.30. The firm has a market capitalization of $86.92 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 earnings per share. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s payout ratio is presently 36.33%.

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).