B&L Asset Management LLC Makes New $243,000 Investment in Dell Technologies Inc. (NYSE:DELL)

B&L Asset Management LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,049 shares of the technology company’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DELL. Tidal Investments LLC increased its holdings in shares of Dell Technologies by 114.2% during the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after purchasing an additional 5,432 shares during the period. Comerica Bank increased its stake in Dell Technologies by 48.4% during the 1st quarter. Comerica Bank now owns 28,556 shares of the technology company’s stock valued at $3,259,000 after buying an additional 9,307 shares during the period. Cetera Investment Advisers raised its position in shares of Dell Technologies by 156.3% during the 1st quarter. Cetera Investment Advisers now owns 82,664 shares of the technology company’s stock worth $9,433,000 after buying an additional 50,411 shares in the last quarter. Cetera Advisors LLC lifted its stake in shares of Dell Technologies by 259.3% in the 1st quarter. Cetera Advisors LLC now owns 29,532 shares of the technology company’s stock worth $3,370,000 after acquiring an additional 21,312 shares during the period. Finally, Transcend Capital Advisors LLC bought a new position in shares of Dell Technologies in the second quarter valued at approximately $310,000. 38.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. UBS Group cut their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Susquehanna began coverage on Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Dell Technologies in a report on Friday, September 27th. They issued a “buy” rating and a $144.00 price target for the company. Finally, Mizuho lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.18.

Insider Activity

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,962,112 shares of company stock worth $2,114,595,059 in the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Trading Up 2.6 %

NYSE:DELL opened at $127.59 on Friday. The business’s fifty day moving average price is $127.41 and its 200 day moving average price is $126.86. The firm has a market capitalization of $89.62 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.34 and a beta of 0.89. 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 Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 EPS. Equities analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

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).