Dell Technologies Inc. (NYSE:DELL) Shares Acquired by L & S Advisors Inc

L & S Advisors Inc lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 9.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 30,859 shares of the technology company’s stock after purchasing an additional 2,757 shares during the period. L & S Advisors Inc’s holdings in Dell Technologies were worth $3,658,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DELL. Seven Eight Capital LP purchased a new stake in Dell Technologies during the 1st quarter worth $513,000. UniSuper Management Pty Ltd boosted its position in Dell Technologies by 78.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 3,400 shares of the technology company’s stock valued at $388,000 after buying an additional 1,500 shares during the last quarter. Bessemer Group Inc. boosted its position in Dell Technologies by 3,911.8% in the 1st quarter. Bessemer Group Inc. now owns 13,640 shares of the technology company’s stock valued at $1,556,000 after buying an additional 13,300 shares during the last quarter. EntryPoint Capital LLC boosted its position in Dell Technologies by 748.7% in the 1st quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock valued at $38,000 after buying an additional 292 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in Dell Technologies in the 1st quarter valued at about $382,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was 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 in the company, valued at $2,060,873,016.67. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,954,112 shares of company stock worth $2,113,449,139 in the last quarter. 46.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DELL shares. Morgan Stanley increased their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Wells Fargo & Company raised their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday. Raymond James dropped their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Sanford C. Bernstein dropped their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Susquehanna initiated coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $146.50.

Dell Technologies Stock Up 1.2 %

DELL stock opened at $135.58 on Thursday. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70. The company has a market cap of $95.23 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 1.43 and a beta of 0.89. The company has a 50 day moving average of $124.71 and a two-hundred day moving average of $126.67.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results 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. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 EPS. On average, research analysts anticipate 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 was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.31%. Dell Technologies’s dividend payout ratio is currently 32.72%.

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).