11,205 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC bought a new position in Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 11,205 shares of the technology company’s stock, valued at approximately $1,545,000.

Several other institutional investors have also recently made changes to their positions in DELL. Jones Financial Companies Lllp bought a new position in Dell Technologies in the fourth quarter worth about $25,000. Massmutual Trust Co. FSB ADV increased its position in shares of Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies during the 2nd quarter valued at $28,000. New Covenant Trust Company N.A. acquired a new stake in shares of Dell Technologies in the 1st quarter worth $30,000. Finally, Central Bank & Trust Co. acquired a new position in Dell Technologies during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

Dell Technologies stock opened at $117.50 on Monday. The stock has a market capitalization of $83.34 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The business has a 50 day simple moving average of $111.30 and a 200-day simple moving average of $124.35. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 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 during the quarter, compared to analysts’ expectations of $24.14 billion. During the same period in the prior year, the business earned $1.44 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.9 EPS 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. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.51%. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the sale, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the transaction, the chief marketing officer now directly owns 89,294 shares in the company, valued at $13,035,138.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,297,857 shares of company stock worth $840,653,193. 46.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DELL. UBS Group dropped their price target 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. Citigroup increased their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Sanford C. Bernstein cut their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price 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).