20,901 Shares in Dell Technologies Inc. (NYSE:DELL) Bought by Beck Capital Management LLC

Beck Capital Management LLC bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 20,901 shares of the technology company’s stock, valued at approximately $2,882,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Dell Technologies by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after purchasing an additional 647,192 shares during the period. Capital World Investors bought a new position in shares of Dell Technologies during the first quarter worth about $835,946,000. Point72 Asset Management L.P. increased its holdings in shares of Dell Technologies by 14.8% in the 4th quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock worth $309,458,000 after acquiring an additional 520,677 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Dell Technologies by 449.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after purchasing an additional 3,038,891 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Dell Technologies by 2.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after purchasing an additional 51,804 shares during the period. 38.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DELL. TD Cowen cut 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. Wells Fargo & Company cut their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Mizuho assumed coverage on Dell Technologies in a report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target on the stock. Citigroup upped their price objective 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. Finally, Evercore ISI reissued an “outperform” rating and set a $140.00 target price on shares of Dell Technologies in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.19.

Dell Technologies Stock Down 0.2 %

Shares of NYSE DELL opened at $117.50 on Monday. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70. The company has a market cap of $83.34 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 1.15 and a beta of 0.90. The business has a fifty day simple moving average of $111.30 and a 200-day simple moving average of $124.35.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate 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 company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same period last year, the company posted $1.44 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect 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. Stockholders of record on Tuesday, October 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. Dell Technologies’s payout ratio is currently 36.33%.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the sale, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $107,400,641.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CMO Jane Tunnell sold 3,624 shares of the 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 completion of the sale, the chief marketing officer now directly owns 89,294 shares in the company, valued at $13,035,138.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of Dell Technologies stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40. Following the sale, the director now directly 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. Insiders sold a total of 7,297,857 shares of company stock valued at $840,653,193 over the last quarter. Company 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).