Quad Cities Investment Group LLC Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

Quad Cities Investment Group LLC lifted its position in Dell Technologies Inc. (NYSE:DELL) by 22.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,351 shares of the technology company’s stock after acquiring an additional 976 shares during the quarter. Quad Cities Investment Group LLC’s holdings in Dell Technologies were worth $634,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DELL. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies in the 2nd quarter worth approximately $28,000. Clean Yield Group purchased a new stake in Dell Technologies during the third quarter worth $25,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the period. Nemes Rush Group LLC bought a new position in shares of Dell Technologies in the 2nd quarter worth $33,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Dell Technologies during the 2nd quarter worth $34,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 3.0 %

DELL traded up $3.77 during midday trading on Thursday, hitting $130.50. 2,557,326 shares of the company were exchanged, compared to its average volume of 10,421,992. The company’s 50 day simple moving average is $113.52 and its 200 day simple moving average is $125.37. The firm has a market capitalization of $92.56 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the company earned $1.44 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is presently 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the transaction, the insider now directly owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,952,662 shares of company stock valued at $2,113,259,348 over the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Cowen lowered their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Bank of America increased their price target on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Barclays boosted their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Mizuho began coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price for the company. Finally, Evercore ISI restated an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

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).