Victory Capital Management Inc. Buys 133,255 Shares of Dell Technologies Inc. (NYSE:DELL)

Victory Capital Management Inc. lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 146.9% during the third quarter, HoldingsChannel.com reports. The firm owned 223,963 shares of the technology company’s stock after purchasing an additional 133,255 shares during the quarter. Victory Capital Management Inc.’s holdings in Dell Technologies were worth $26,549,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in DELL. Clean Yield Group purchased a new stake in shares of Dell Technologies in the third quarter worth about $25,000. Accordant Advisory Group Inc purchased a new stake in Dell Technologies in the 2nd quarter worth approximately $28,000. New Covenant Trust Company N.A. bought a new position in Dell Technologies in the 1st quarter valued at $30,000. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies during the 2nd quarter valued at $33,000. Finally, Crewe Advisors LLC bought a new position in shares of Dell Technologies in the second quarter worth $34,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $131.64 on Monday. The business has a 50-day moving average of $123.03 and a 200 day moving average of $126.46. The stock has a market capitalization of $92.46 billion, a PE ratio of 24.20, a P/E/G ratio of 1.39 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 Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping 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 business earned $1.44 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. Analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

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

Insider Transactions at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. This represents a 37.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now directly owns 23,680 shares in the company, valued at $3,066,560. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. Company insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on DELL shares. Raymond James reduced their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Barclays upped their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. TD Cowen cut their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Evercore ISI restated an “outperform” rating and set a $140.00 price objective on shares of Dell Technologies in a research report on Wednesday, August 28th. Finally, UBS Group cut their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.63.

Dell Technologies 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).