GM Advisory Group LLC Purchases New Shares in Dell Technologies Inc. (NYSE:DELL)

GM Advisory Group LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 3,072 shares of the technology company’s stock, valued at approximately $364,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. UniSuper Management Pty Ltd boosted its position in shares of Dell Technologies by 78.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 3,400 shares of the technology company’s stock worth $388,000 after purchasing an additional 1,500 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Dell Technologies by 3,911.8% in the first quarter. Bessemer Group Inc. now owns 13,640 shares of the technology company’s stock worth $1,556,000 after acquiring an additional 13,300 shares during the last quarter. EntryPoint Capital LLC increased its holdings in shares of Dell Technologies by 748.7% during the first quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock valued at $38,000 after acquiring an additional 292 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Dell Technologies in the 1st quarter worth about $382,000. Finally, Axxcess Wealth Management LLC bought a new position in Dell Technologies in the 1st quarter worth about $227,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $144.20 on Friday. The company has a market cap of $101.28 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.43 and a beta of 0.89. Dell Technologies Inc. has a 1 year low of $67.51 and a 1 year high of $179.70. The firm has a fifty day moving average price of $125.84 and a 200-day moving average price of $126.86.

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

Dell Technologies Announces Dividend

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

Wall Street Analyst Weigh In

DELL has been the subject of several recent analyst reports. Morgan Stanley lifted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Barclays boosted their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. UBS Group cut their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Finally, 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 report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $146.50.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 directly owns 23,680 shares of the company’s stock, valued at $3,066,560. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the transaction, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This represents a 36.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,954,112 shares of company stock valued at $2,113,449,139 over the last three months. Corporate insiders own 46.70% of the company’s stock.

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).