Citizens Business Bank Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

Citizens Business Bank increased its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 326.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,644 shares of the technology company's stock after acquiring an additional 24,228 shares during the period. Citizens Business Bank's holdings in Dell Technologies were worth $3,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Intrepid Financial Planning Group LLC lifted its position in Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company's stock valued at $1,423,000 after purchasing an additional 80 shares during the period. Smithfield Trust Co lifted its holdings in shares of Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company's stock valued at $134,000 after buying an additional 84 shares during the period. Graypoint LLC boosted its stake in shares of Dell Technologies by 4.3% in the third quarter. Graypoint LLC now owns 2,086 shares of the technology company's stock worth $247,000 after buying an additional 86 shares during the last quarter. Affinity Wealth Management LLC grew its holdings in Dell Technologies by 2.5% during the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company's stock worth $422,000 after acquiring an additional 87 shares during the period. Finally, ASB Consultores LLC raised its position in Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company's stock valued at $236,000 after acquiring an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DELL. Fox Advisors upgraded shares of Dell Technologies from an "equal weight" rating to an "overweight" rating in a research report on Friday, August 30th. Sanford C. Bernstein decreased their price objective on Dell Technologies from $155.00 to $140.00 and set an "outperform" rating on the stock in a report on Friday, August 30th. Susquehanna assumed coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They issued a "neutral" rating and a $120.00 target price on the stock. Raymond James dropped their price target 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. Finally, TD Cowen reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $148.06.

Insider Activity at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares of the company's stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 1,032,968 shares of Dell Technologies stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $113.67, for a total value of $117,417,472.56. Following the sale, the chief executive officer now owns 13,094,517 shares in the company, valued at $1,488,453,747.39. This trade represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,409,903 shares of company stock valued at $1,737,563,234 over the last 90 days. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Performance

Shares of DELL traded up $1.91 during mid-day trading on Wednesday, hitting $118.70. 8,145,389 shares of the company's stock were exchanged, compared to its average volume of 10,111,419. The company has a market cap of $83.37 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.30 and a beta of 0.90. The stock's 50-day moving average is $128.08 and its 200-day moving average is $125.41. Dell Technologies Inc. has a fifty-two week low of $68.94 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. During the same quarter in the prior year, the company earned $1.62 earnings per share. The company's revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.50%. Dell Technologies's payout ratio is 31.45%.

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).