Dell Technologies Inc. (NYSE:DELL) Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC raised its position in Dell Technologies Inc. (NYSE:DELL) by 15.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 35,168 shares of the technology company’s stock after purchasing an additional 4,755 shares during the period. NewEdge Advisors LLC’s holdings in Dell Technologies were worth $4,850,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GPS Wealth Strategies Group LLC increased its holdings in Dell Technologies by 1.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock valued at $822,000 after acquiring an additional 80 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Dell Technologies by 58.2% during the 1st 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. J.P. Marvel Investment Advisors LLC boosted its stake in shares of Dell Technologies by 0.9% during the first quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock valued at $1,242,000 after acquiring an additional 98 shares during the last quarter. Kathmere Capital Management LLC increased its position in Dell Technologies by 2.2% during the 2nd quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock worth $635,000 after purchasing an additional 100 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in Dell Technologies by 1.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 6,780 shares of the technology company’s stock valued at $935,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

In other Dell Technologies 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 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 document filed with the SEC, which can be accessed through this link. In other news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction dated 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 directly 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 this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction 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 directly owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. The disclosure for this sale can be found here. Insiders sold 18,998,554 shares of company stock worth $2,264,348,973 in the last quarter. 46.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup upped their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Sanford C. Bernstein cut their price target 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. Evercore ISI reissued an “outperform” rating and set a $140.00 price objective on shares of Dell Technologies in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a research report on Friday, September 27th. They issued a “buy” rating and a $144.00 target price on the stock. Finally, Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Stock Performance

Shares of DELL opened at $113.13 on Wednesday. The firm has a fifty day moving average of $109.92 and a 200-day moving average of $124.66. The company has a market cap of $80.24 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS 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 for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter last year, the business earned $1.44 earnings per share. Dell Technologies’s revenue was up 9.1% compared to the same quarter last year. Analysts predict that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.57%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

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).