Dell Technologies Inc. (NYSE:DELL) Shares Bought by Aristides Capital LLC

Aristides Capital LLC increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 55.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the technology company’s stock after buying an additional 2,500 shares during the period. Aristides Capital LLC’s holdings in Dell Technologies were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Dell Technologies by 22.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after purchasing an additional 25,117 shares in the last quarter. LRI Investments LLC purchased a new position in Dell Technologies in the first quarter worth approximately $104,000. Oppenheimer Asset Management Inc. increased its stake in Dell Technologies by 31.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after acquiring an additional 1,539 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Dell Technologies by 114.2% in the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after purchasing an additional 5,432 shares during the last quarter. Finally, AlpInvest Partners B.V. acquired a new stake in shares of Dell Technologies during the 2nd quarter worth about $3,138,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Analysts Set New Price Targets

DELL has been the topic of a number of research analyst reports. 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 report on Friday, August 30th. Raymond James reduced their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Finally, Mizuho began coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target for the company. 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 company currently has an average rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Stock Down 1.4 %

Shares of DELL opened at $118.55 on Tuesday. The business’s 50 day moving average is $110.17 and its two-hundred day moving average is $124.61. Dell Technologies Inc. has a 52-week low of $63.90 and a 52-week high of $179.70. The firm has a market cap of $84.09 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.25 and a beta of 0.90.

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

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be paid 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 payout ratio is 36.33%.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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. Also, CMO Jane Tunnell sold 3,624 shares of the stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.52. Following the completion of the transaction, the chief marketing officer now 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. Over the last quarter, insiders sold 19,007,047 shares of company stock valued at $2,265,595,745. 46.70% of the stock is currently owned by corporate insiders.

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).