Olistico Wealth LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,100 shares of the technology company’s stock, valued at approximately $380,000.
Several other hedge funds have also recently modified their holdings of DELL. Brighton Jones LLC lifted its position in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after purchasing an additional 901 shares during the period. Merit Financial Group LLC increased its stake in Dell Technologies by 67.2% during the 1st quarter. Merit Financial Group LLC now owns 6,051 shares of the technology company’s stock valued at $552,000 after purchasing an additional 2,431 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Dell Technologies by 48.4% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,533 shares of the technology company’s stock valued at $140,000 after purchasing an additional 500 shares in the last quarter. Generali Investments Management Co LLC increased its stake in Dell Technologies by 28.4% during the 1st quarter. Generali Investments Management Co LLC now owns 1,414 shares of the technology company’s stock valued at $129,000 after purchasing an additional 313 shares in the last quarter. Finally, Intellectus Partners LLC increased its stake in Dell Technologies by 4.1% during the 1st quarter. Intellectus Partners LLC now owns 8,334 shares of the technology company’s stock valued at $760,000 after purchasing an additional 328 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.
Dell Technologies Stock Down 4.6%
DELL opened at $140.64 on Friday. The company has a market cap of $94.56 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 0.96 and a beta of 1.05. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $152.10. The firm’s fifty day simple moving average is $131.84 and its two-hundred day simple moving average is $115.05.
Dell Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is currently 30.88%.
Insider Transactions at Dell Technologies
In other news, Director William D. Green sold 65,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $150.50, for a total value of $9,782,500.00. Following the transaction, the director directly owned 47,619 shares of the company’s stock, valued at approximately $7,166,659.50. This trade represents a 57.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,781,682 shares of company stock valued at $505,183,267. Corporate insiders own 42.00% of the company’s stock.
Wall Street Analyst Weigh In
DELL has been the topic of a number of recent analyst reports. UBS Group upped their price target on shares of Dell Technologies from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Morgan Stanley increased their price objective on shares of Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Sanford C. Bernstein began coverage on shares of Dell Technologies in a research note on Monday, September 15th. They issued an “outperform” rating and a $175.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, Bank of America increased their price objective on shares of Dell Technologies from $167.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $148.67.
Check Out Our Latest Research Report on Dell Technologies
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).
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