Equitable Trust Co. Acquires 88 Shares of Dell Technologies Inc. (NYSE:DELL)

Equitable Trust Co. boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,942 shares of the technology company’s stock after buying an additional 88 shares during the quarter. Equitable Trust Co.’s holdings in Dell Technologies were worth $349,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Accordant Advisory Group Inc bought a new position in Dell Technologies in the 2nd quarter valued at approximately $28,000. Clean Yield Group bought a new position in Dell Technologies during the 3rd quarter worth approximately $25,000. Nemes Rush Group LLC bought a new position in Dell Technologies during the 2nd quarter worth approximately $33,000. Crewe Advisors LLC bought a new position in Dell Technologies during the 2nd quarter worth approximately $34,000. Finally, New Covenant Trust Company N.A. bought a new position in Dell Technologies during the 1st quarter worth approximately $30,000. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Trading Down 2.6 %

Shares of DELL stock opened at $134.23 on Monday. The firm has a market capitalization of $94.28 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89. The firm has a fifty day simple moving average of $120.40 and a two-hundred day simple moving average of $126.03. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly 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. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the business posted $1.44 EPS. Dell Technologies’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that Dell Technologies Inc. will post 6.91 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. 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 annualized dividend and a dividend yield of 1.33%. Dell Technologies’s payout ratio is 32.72%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DELL shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a report on Friday, September 27th. They set a “buy” rating and a $144.00 price target for the company. Mizuho started coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target for the company. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. TD Cowen lowered their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Raymond James reduced their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average price target of $143.50.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’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 sale, the director now owns 23,680 shares in the company, valued at $3,066,560. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the transaction, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock worth $2,113,353,236 in the last quarter. 46.70% of the stock is currently owned by corporate insiders.

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).