Transatlantique Private Wealth LLC Acquires 227 Shares of Dell Technologies Inc. (NYSE:DELL)

Transatlantique Private Wealth LLC boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,298 shares of the technology company’s stock after acquiring an additional 227 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Dell Technologies were worth $445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in Dell Technologies in the fourth quarter valued at $52,000. Dimensional Fund Advisors LP increased its stake in shares of Dell Technologies by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 889,485 shares of the technology company’s stock valued at $68,048,000 after buying an additional 3,343 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Dell Technologies by 16.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 4,993 shares of the technology company’s stock worth $382,000 after acquiring an additional 688 shares during the last quarter. Norges Bank bought a new stake in Dell Technologies in the fourth quarter valued at approximately $8,892,000. Finally, PNC Financial Services Group Inc. increased its position in Dell Technologies by 0.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 34,284 shares of the technology company’s stock valued at $2,623,000 after purchasing an additional 216 shares during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Down 0.2 %

DELL stock opened at $117.52 on Friday. The stock’s 50 day moving average is $111.30 and its 200-day moving average is $124.26. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70. The firm has a market capitalization of $83.36 billion, a PE ratio of 23.98, a P/E/G ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 EPS. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s payout ratio is 36.33%.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the completion of the sale, the director now owns 731,612 shares in the company, valued at $107,400,641.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the transaction, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of Dell Technologies stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the completion of the transaction, the director now owns 731,612 shares of the company’s stock, valued at approximately $107,400,641.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,297,857 shares of company stock valued at $840,653,193. 46.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Evercore ISI reissued an “outperform” rating and issued a $140.00 price objective on shares of Dell Technologies in a research report on Wednesday, August 28th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. UBS Group reduced their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Raymond James reduced their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $139.19.

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).