Beese Fulmer Investment Management Inc. Has $11.60 Million Position in Dell Technologies Inc. (NYSE:DELL)

Beese Fulmer Investment Management Inc. raised its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,881 shares of the technology company’s stock after buying an additional 2,900 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Dell Technologies were worth $11,603,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Dell Technologies by 22.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after purchasing an additional 25,117 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at $104,000. Oppenheimer Asset Management Inc. lifted its position in Dell Technologies by 31.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after acquiring an additional 1,539 shares during the last quarter. Tidal Investments LLC lifted its position in Dell Technologies by 114.2% during the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after acquiring an additional 5,432 shares during the last quarter. Finally, Chicago Capital LLC lifted its position in Dell Technologies by 3.7% during the 3rd quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock worth $14,399,000 after acquiring an additional 4,385 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of research analyst reports. Morgan Stanley cut their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. 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. Bank of America boosted their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company cut their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, Mizuho assumed coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $143.50.

Insider Activity at Dell Technologies

In other news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the 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 completion of the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Dell sold 1,602,535 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $107.42, for a total value of $172,144,309.70. Following the completion of the transaction, the chief executive officer now directly owns 15,412,241 shares of the company’s stock, valued at $1,655,582,928.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 over the last 90 days. Insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

NYSE:DELL opened at $119.48 on Thursday. The company has a market cap of $84.75 billion, a PE ratio of 24.38, a P/E/G ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70. The firm’s 50 day simple moving average is $116.30 and its 200 day simple moving average is $125.34.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $1.44 EPS. Equities research analysts expect that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be given a $0.445 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.49%. Dell Technologies’s payout ratio is 36.33%.

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).