Park Place Capital Corp Trims Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Park Place Capital Corp trimmed its holdings in Dell Technologies Inc. (NYSE:DELL) by 16.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,692 shares of the technology company’s stock after selling 1,081 shares during the period. Park Place Capital Corp’s holdings in Dell Technologies were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its holdings in 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 period. Clean Yield Group bought a new stake in shares of Dell Technologies during the 3rd quarter worth $25,000. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies during the 2nd quarter worth $28,000. New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies during the 1st quarter worth $30,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Dell Technologies during the 2nd quarter worth $33,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 16,887 shares of Dell Technologies stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $146.20, for a total transaction of $2,468,879.40. Following the transaction, the director now owns 787,669 shares in the company, valued at $115,157,207.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director V (Gp) L.L.C. Slta sold 16,887 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $146.20, for a total transaction of $2,468,879.40. Following the sale, the director now directly owns 787,669 shares in the company, valued at $115,157,207.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lake Group L.L.C. Silver sold 25,381 shares of Dell Technologies stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the completion of the sale, the director now owns 787,669 shares in the company, valued at approximately $105,878,466.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,994,930 shares of company stock worth $2,119,139,941 in the last 90 days. 46.70% of the stock is currently owned by insiders.

Dell Technologies Trading Up 1.6 %

DELL traded up $1.93 during midday trading on Tuesday, reaching $121.02. The company’s stock had a trading volume of 1,850,755 shares, compared to its average volume of 10,582,016. The firm has a market capitalization of $85.84 billion, a price-to-earnings ratio of 24.63, a PEG 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. The stock’s 50-day moving average is $110.08 and its 200-day moving average is $124.83.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 earnings per share. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.9 earnings per share 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 paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is presently 36.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Evercore ISI reissued an “outperform” rating and issued a $140.00 price target on shares of Dell Technologies in a research note on Wednesday, August 28th. Sanford C. Bernstein lowered their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Susquehanna initiated coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target for the company. Finally, Raymond James lowered their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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).