Blue Trust Inc. Acquires 802 Shares of Dell Technologies Inc. (NYSE:DELL)

Blue Trust Inc. boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 132.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,409 shares of the technology company’s stock after acquiring an additional 802 shares during the quarter. Blue Trust Inc.’s holdings in Dell Technologies were worth $167,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Clean Yield Group bought a new position in shares of Dell Technologies during the 3rd quarter valued at about $25,000. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies during the 2nd quarter valued at about $28,000. New Covenant Trust Company N.A. bought a new position in shares of Dell Technologies during the 1st quarter valued at about $30,000. Nemes Rush Group LLC bought a new position in shares of Dell Technologies during the 2nd quarter valued at about $33,000. Finally, Crewe Advisors LLC bought a new position in shares of Dell Technologies during the 2nd quarter valued at about $34,000. 38.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction on Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the transaction, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is owned by insiders.

Dell Technologies Stock Up 1.6 %

NYSE DELL opened at $122.55 on Friday. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70. The firm has a market capitalization of $86.93 billion, a PE ratio of 25.01, a P/E/G ratio of 1.29 and a beta of 0.90. The stock’s 50 day moving average is $116.73 and its 200 day moving average is $125.27.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results 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 negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same period in the previous year, the company posted $1.44 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, research analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors 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 annualized dividend and a dividend yield of 1.45%. Dell Technologies’s dividend payout ratio is presently 36.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DELL shares. Wells Fargo & Company reduced their price objective on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Susquehanna initiated coverage on Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price for the company. Mizuho initiated coverage on Dell Technologies in a report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price for the company. Bank of America increased their target price on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Evercore ISI restated an “outperform” rating and set a $140.00 target price on shares of Dell Technologies in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

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).