Raymond James Trust N.A. Increases Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Raymond James Trust N.A. boosted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 13.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 11,242 shares of the technology company’s stock after purchasing an additional 1,349 shares during the period. Raymond James Trust N.A.’s holdings in Dell Technologies were worth $1,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC boosted its position in shares of Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after acquiring an additional 2,415,234 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Dell Technologies by 83.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after purchasing an additional 1,011,512 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Dell Technologies by 103.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after buying an additional 575,166 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of Dell Technologies during the 3rd quarter valued at $65,280,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Dell Technologies by 151.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 781,500 shares of the technology company’s stock worth $89,178,000 after acquiring an additional 470,642 shares during the last quarter. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock opened at $144.21 on Friday. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The firm has a market cap of $101.29 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.46 and a beta of 0.89. The business’s 50 day moving average price is $125.84 and its 200-day moving average price is $126.86.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) 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 business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the previous year, the firm earned $1.44 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.23%. Dell Technologies’s payout ratio is 32.72%.

Insiders Place Their Bets

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the sale, the chief executive officer now owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. This trade represents a 37.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,954,112 shares of company stock worth $2,113,449,139. Company insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

DELL has been the topic of a number of research reports. TD Cowen lowered their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Morgan Stanley boosted their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Mizuho started coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $146.50.

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).