Axxcess Wealth Management LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Axxcess Wealth Management LLC acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the third quarter, Holdings Channel.com reports. The firm acquired 2,907 shares of the technology company’s stock, valued at approximately $345,000.

A number of other large investors have also modified their holdings of the company. Clean Yield Group acquired a new position in Dell Technologies during the 3rd quarter valued at about $25,000. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies in the second quarter valued at approximately $28,000. New Covenant Trust Company N.A. bought a new stake in Dell Technologies in the 1st quarter valued at $30,000. Nemes Rush Group LLC bought a new stake in shares of Dell Technologies in the second quarter valued at about $33,000. Finally, Crewe Advisors LLC bought a new position in shares of Dell Technologies during the 2nd quarter worth approximately $34,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Down 1.4 %

Shares of DELL opened at $134.57 on Thursday. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70. The company has a market cap of $94.52 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 1.44 and a beta of 0.89. The business’s fifty day simple moving average is $121.38 and its two-hundred day simple moving average is $126.25.

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

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 32.72%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred 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 transaction, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William F. Scannell sold 42,595 shares of the company’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 transaction of $4,995,967.55. Following the transaction, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. The trade was 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 ninety days. 46.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DELL. JPMorgan Chase & Co. increased their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Sanford C. Bernstein dropped their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Bank of America raised their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Mizuho began coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target on the stock. Finally, Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.63.

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).