Centaurus Financial Inc. Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

Centaurus Financial Inc. lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 223.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,148 shares of the technology company’s stock after purchasing an additional 4,247 shares during the period. Centaurus Financial Inc.’s holdings in Dell Technologies were worth $729,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in DELL. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies during the second quarter valued at about $28,000. Clean Yield Group purchased a new position in Dell Technologies in the 3rd quarter worth approximately $25,000. Nemes Rush Group LLC purchased a new stake in shares of Dell Technologies during the second quarter valued at approximately $33,000. Crewe Advisors LLC bought a new position in shares of Dell Technologies in the second quarter worth approximately $34,000. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies in the first quarter worth $30,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Down 0.0 %

Shares of NYSE DELL opened at $144.16 on Tuesday. The company has a 50 day moving average of $126.42 and a 200 day moving average of $126.91. Dell Technologies Inc. has a twelve month low of $67.51 and a twelve month high of $179.70. The firm has a market cap of $101.26 billion, a P/E ratio of 26.50, a PEG ratio of 1.52 and a beta of 0.89.

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

Dell Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. JPMorgan Chase & Co. upped their price target on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Morgan Stanley lifted their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Raymond James decreased their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 price objective on the stock. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $146.50.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the sale, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The trade was a 9.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,954,112 shares of company stock worth $2,113,449,139. Corporate insiders own 46.70% of the company’s stock.

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).