Dell Technologies Inc. (NYSE:DELL) Position Raised by Affinity Wealth Management LLC

Affinity Wealth Management LLC lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,560 shares of the technology company’s stock after acquiring an additional 87 shares during the period. Affinity Wealth Management LLC’s holdings in Dell Technologies were worth $422,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Dell Technologies by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after purchasing an additional 647,192 shares in the last quarter. Capital World Investors bought a new stake in shares of Dell Technologies during the 1st quarter worth about $835,946,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Dell Technologies by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock worth $319,771,000 after acquiring an additional 51,804 shares during the period. Bahl & Gaynor Inc. boosted its holdings in shares of Dell Technologies by 4.1% in the second quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock valued at $194,289,000 after acquiring an additional 55,763 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Dell Technologies by 103.1% during the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after purchasing an additional 575,166 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

Dell Technologies stock traded up $2.25 during mid-day trading on Monday, hitting $129.98. The company’s stock had a trading volume of 927,708 shares, compared to its average volume of 10,491,961. Dell Technologies Inc. has a 52-week low of $63.90 and a 52-week high of $179.70. The firm’s 50 day moving average is $111.52 and its 200 day moving average is $125.18. The company has a market cap of $92.20 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $1.44 earnings per share. As a group, analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be issued 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 1.37%. Dell Technologies’s dividend payout ratio is 36.33%.

Insider Activity at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael S. Dell sold 1,166,595 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $117.42, for a total value of $136,981,584.90. Following the completion of the sale, the chief executive officer now directly owns 26,912,241 shares in the company, valued at approximately $3,160,035,338.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the transaction, the chief executive officer now owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,978,043 shares of company stock valued at $2,116,671,062. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the topic of several research analyst reports. TD Cowen lowered their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Barclays boosted their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 price objective for the company. Sanford C. Bernstein dropped their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report 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 investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

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).