269 Shares in Dell Technologies Inc. (NYSE:DELL) Bought by Kimelman & Baird LLC

Kimelman & Baird LLC acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 269 shares of the technology company’s stock, valued at approximately $37,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DELL. Capital World Investors bought a new stake in Dell Technologies in the first quarter valued at about $835,946,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of 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 worth $284,165,000 after acquiring an additional 3,038,891 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Dell Technologies by 83.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after acquiring an additional 1,011,512 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Dell Technologies by 2,466.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock worth $67,810,000 after purchasing an additional 851,867 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its holdings in Dell Technologies by 159.8% in the first quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock worth $154,396,000 after purchasing an additional 832,144 shares during the period. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Down 1.4 %

Shares of Dell Technologies stock opened at $118.55 on Tuesday. The business has a fifty day simple moving average of $110.17 and a 200-day simple moving average of $124.61. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70. The firm has a market cap of $84.09 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating 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 analyst estimates of $24.14 billion. During the same quarter last year, the firm posted $1.44 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts anticipate that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be issued a $0.445 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.50%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael S. Dell sold 10,000,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Jane Tunnell sold 3,624 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The disclosure for this sale can be found here. Insiders sold a total of 19,007,047 shares of company stock valued at $2,265,595,745 in the last three months. 46.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DELL. Morgan Stanley reduced their price target on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Evercore ISI restated an “outperform” rating and set a $140.00 price objective on shares of Dell Technologies in a research note on Wednesday, August 28th. Sanford C. Bernstein cut their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Mizuho initiated coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Dell Technologies in a research report on Friday. They issued a “buy” rating and a $144.00 price objective on the stock. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Dell Technologies Company 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).