Fairscale Capital LLC Invests $39,000 in Dell Technologies Inc. (NYSE:DELL)

Fairscale Capital LLC bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 292 shares of the technology company’s stock, valued at approximately $39,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Accordant Advisory Group Inc acquired a new stake in Dell Technologies during the 2nd quarter worth about $28,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Dell Technologies in the 2nd quarter valued at approximately $34,000. New Covenant Trust Company N.A. purchased a new position in Dell Technologies during the 1st quarter worth approximately $30,000. Finally, Carolinas Wealth Consulting LLC raised its stake in Dell Technologies by 1,130.4% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 283 shares of the technology company’s stock valued at $39,000 after purchasing an additional 260 shares during the period. 38.10% of the stock is currently owned by institutional investors.

Dell Technologies Stock Performance

Shares of DELL stock opened at $117.50 on Monday. The stock’s 50 day simple moving average is $111.30 and its 200 day simple moving average is $124.35. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70. The company has a market capitalization of $83.34 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates 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 firm posted $1.44 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts forecast that Dell Technologies Inc. will post 6.9 EPS 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 given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup lifted their price target on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. upped their target price on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Wells Fargo & Company decreased their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. UBS Group dropped their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Three equities research 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.19.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $144.68, for a total transaction of $144,680,000.00. Following the completion of the sale, the director now owns 770,369 shares in the company, valued at approximately $111,456,986.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Michael S. Dell sold 1,546,550 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $116.30, for a total transaction of $179,863,765.00. Following the completion of the transaction, the chief executive officer now owns 11,912,241 shares of the company’s stock, valued at $1,385,393,628.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $144.68, for a total transaction of $144,680,000.00. Following the completion of the sale, the director now owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,297,857 shares of company stock worth $840,653,193. Company insiders own 46.70% of the company’s stock.

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).