Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Seneca House Advisors

Seneca House Advisors lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,455 shares of the technology company’s stock after purchasing an additional 160 shares during the period. Seneca House Advisors’ holdings in Dell Technologies were worth $291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DELL. Jones Financial Companies Lllp acquired a new position in shares of Dell Technologies during the fourth quarter worth about $25,000. Massmutual Trust Co. FSB ADV increased its position in shares of Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares during the last quarter. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies in the 2nd quarter valued at $28,000. New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies during the first quarter worth $30,000. Finally, Nemes Rush Group LLC purchased a new position in Dell Technologies in the second quarter valued at $33,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

NYSE DELL traded up $4.75 on Friday, hitting $120.42. 8,185,053 shares of the company’s stock were exchanged, compared to its average volume of 10,655,406. The firm’s 50-day moving average price is $110.08 and its two-hundred day moving average price is $124.61. The firm has a market cap of $85.41 billion, a price-to-earnings ratio of 24.57, a P/E/G ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two 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, beating analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 earnings per share. On average, research analysts predict that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DELL. Evercore ISI reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Dell Technologies in a research report on Wednesday, August 28th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Wells Fargo & Company cut their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. 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 target price on the stock. Finally, Susquehanna started coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target for the company. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $143.50.

Insider Activity at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the sale, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the sale, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,998,554 shares of company stock valued at $2,264,348,973 in the last ninety days. Corporate insiders own 46.70% of the company’s stock.

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).