Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Huntington National Bank

Huntington National Bank raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 24.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 897 shares of the technology company’s stock after buying an additional 175 shares during the quarter. Huntington National Bank’s holdings in Dell Technologies were worth $106,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the firm’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 sale, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction 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. The trade was a 2.97 % 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 worth $2,113,353,236 over the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $131.64 on Monday. The company has a market cap of $92.46 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. The stock’s 50-day moving average is $123.03 and its two-hundred day moving average is $126.46. Dell Technologies Inc. has a 1-year low of $67.51 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 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter last year, the company earned $1.44 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Wall Street Analyst Weigh In

DELL has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Susquehanna began coverage on Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price for the company. Evercore ISI reiterated an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a report on Wednesday, August 28th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Finally, Mizuho started coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $144.63.

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).