Northwest & Ethical Investments L.P. Acquires 4,665 Shares of Dell Technologies Inc. (NYSE:DELL)

Northwest & Ethical Investments L.P. increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 23.0% during the third quarter, HoldingsChannel reports. The firm owned 24,961 shares of the technology company’s stock after buying an additional 4,665 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Dell Technologies were worth $2,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clean Yield Group purchased a new stake in Dell Technologies during the third quarter valued at $25,000. Accordant Advisory Group Inc purchased a new stake in Dell Technologies during the second quarter valued at $28,000. Nemes Rush Group LLC purchased a new stake in Dell Technologies during the second quarter valued at $33,000. Crewe Advisors LLC purchased a new stake in Dell Technologies during the second quarter valued at $34,000. Finally, MCF Advisors LLC increased its position in Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after buying an additional 165 shares in the last quarter. 38.10% of the stock is owned by institutional investors.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The trade was a 1.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,962,112 shares of company stock worth $2,114,595,059 in the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Up 2.6 %

Shares of DELL stock opened at $127.59 on Friday. The stock has a market cap of $89.62 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89. The business has a 50-day simple moving average of $127.41 and a 200-day simple moving average of $126.91. Dell Technologies Inc. has a 52-week low of $67.51 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the previous year, the firm posted $1.62 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.40%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. TD Cowen cut their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Melius Research increased their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday. Bank of America increased their price target on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Citigroup reduced their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $148.18.

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).