Farther Finance Advisors LLC Raises Stake in Dell Technologies Inc. (NYSE:DELL)

Farther Finance Advisors LLC lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 74.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 840 shares of the technology company’s stock after acquiring an additional 358 shares during the period. Farther Finance Advisors LLC’s holdings in Dell Technologies were worth $100,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Capital Advisors Inc. OK raised its stake in shares of Dell Technologies by 80.0% during the 3rd quarter. Capital Advisors Inc. OK now owns 3,707 shares of the technology company’s stock worth $439,000 after purchasing an additional 1,647 shares in the last quarter. Affinity Investment Advisors LLC raised its position in Dell Technologies by 21.1% in the 3rd quarter. Affinity Investment Advisors LLC now owns 16,525 shares of the technology company’s stock valued at $1,959,000 after purchasing an additional 2,876 shares during the last quarter. Gladstone Institutional Advisory LLC raised its position in shares of Dell Technologies by 41.6% during the third quarter. Gladstone Institutional Advisory LLC now owns 8,242 shares of the technology company’s stock worth $977,000 after acquiring an additional 2,421 shares during the last quarter. Lebenthal Global Advisors LLC acquired a new stake in shares of Dell Technologies during the third quarter worth $217,000. Finally, New York State Common Retirement Fund boosted its position in shares of Dell Technologies by 18.6% during the third quarter. New York State Common Retirement Fund now owns 336,862 shares of the technology company’s stock worth $39,932,000 after buying an additional 52,887 shares during the period. 38.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DELL has been the topic of several research analyst reports. Evercore ISI restated an “outperform” rating and issued a $140.00 price objective on shares of Dell Technologies in a research note on Wednesday, August 28th. Sanford C. Bernstein lowered their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Raymond James lowered their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. TD Cowen reduced their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Finally, Mizuho assumed coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price on the stock. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $144.63.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Michael S. Dell sold 10,000,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now owns 23,680 shares in the company, valued at $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. Company insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL opened at $138.55 on Tuesday. Dell Technologies Inc. has a one year low of $67.51 and a one year high of $179.70. The company has a 50-day simple moving average of $120.40 and a two-hundred day simple moving average of $126.07. The firm has a market capitalization of $97.32 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $24.14 billion. During the same period last year, the business earned $1.44 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. Analysts expect that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 32.72%.

About Dell Technologies

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).