Capital CS Group LLC Increases Position in Dell Technologies Inc. (NYSE:DELL)

Capital CS Group LLC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 11.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,781 shares of the technology company’s stock after buying an additional 490 shares during the quarter. Capital CS Group LLC’s holdings in Dell Technologies were worth $567,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings 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 acquiring an additional 25,117 shares in the last quarter. LRI Investments LLC acquired a new position in Dell Technologies during the 1st quarter worth approximately $104,000. Oppenheimer Asset Management Inc. raised its stake in shares of Dell Technologies by 31.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after buying an additional 1,539 shares in the last quarter. Tidal Investments LLC lifted its holdings 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 buying an additional 5,432 shares during the period. Finally, AlpInvest Partners B.V. purchased a new stake in shares of Dell Technologies in the second quarter valued at approximately $3,138,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Buying and Selling

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 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 approximately $2,070,058,298.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the business’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 sale, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Jane Tunnell sold 3,624 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was 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 in the company, valued at approximately $13,035,138.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,998,554 shares of company stock valued at $2,264,348,973. Insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DELL. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a report on Friday, September 27th. They issued a “buy” rating and a $144.00 target price for the company. 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 report on Thursday, August 15th. Evercore ISI reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a report on Wednesday, August 28th. Raymond James decreased their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Bank of America raised their price objective on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Trading Up 4.1 %

Shares of NYSE DELL traded up $4.75 during midday trading on Friday, reaching $120.42. 8,185,053 shares of the stock were exchanged, compared to its average volume of 10,655,406. The stock has a 50 day moving average price of $110.08 and a 200-day moving average price of $124.61. The company has a market capitalization of $85.41 billion, a P/E ratio of 24.57, a P/E/G ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a 52-week low of $63.90 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELL) last released 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 firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same period in the previous year, the company earned $1.44 EPS. Dell Technologies’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts forecast that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Dell Technologies Dividend Announcement

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 issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.48%. Dell Technologies’s payout ratio is currently 36.33%.

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).