Citizens Business Bank Has $3.75 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Citizens Business Bank raised its stake in Dell Technologies Inc. (NYSE:DELL) by 326.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,644 shares of the technology company’s stock after buying an additional 24,228 shares during the quarter. Citizens Business Bank’s holdings in Dell Technologies were worth $3,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. National Pension Service boosted its position in shares of Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares in the last quarter. iA Global Asset Management Inc. increased its holdings in shares of Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after acquiring an additional 5,203 shares in the last quarter. Woodmont Investment Counsel LLC acquired a new stake in shares of Dell Technologies during the third quarter worth about $5,780,000. Harvey Capital Management Inc. acquired a new position in shares of Dell Technologies in the 3rd quarter valued at approximately $2,848,000. Finally, Chicago Capital LLC boosted its holdings in shares of Dell Technologies by 3.7% in the third quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock valued at $14,399,000 after buying an additional 4,385 shares during the period. 76.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DELL. UBS Group reduced 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 note on Friday, August 30th. Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upped their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Barclays lifted their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 1,032,968 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $113.67, for a total transaction of $117,417,472.56. Following the completion of the transaction, the chief executive officer now owns 13,094,517 shares in the company, valued at $1,488,453,747.39. This trade represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,409,903 shares of company stock worth $1,737,563,234 over the last three months. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Down 5.7 %

NYSE:DELL opened at $116.81 on Wednesday. Dell Technologies Inc. has a 12-month low of $68.49 and a 12-month high of $179.70. The stock’s 50 day moving average price is $128.00 and its two-hundred day moving average price is $125.72. The firm has a market capitalization of $82.05 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.30 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter last year, the firm posted $1.62 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.52%. Dell Technologies’s dividend payout ratio is currently 31.45%.

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).