Prospera Financial Services Inc Grows Position in Dell Technologies Inc. (NYSE:DELL)

Prospera Financial Services Inc lifted its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 394.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,745 shares of the technology company's stock after buying an additional 13,360 shares during the quarter. Prospera Financial Services Inc's holdings in Dell Technologies were worth $1,986,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. OneAscent Financial Services LLC lifted its holdings in shares of Dell Technologies by 22.2% in the third quarter. OneAscent Financial Services LLC now owns 3,194 shares of the technology company's stock worth $379,000 after buying an additional 581 shares in the last quarter. Belmont Capital LLC bought a new position in Dell Technologies during the third quarter valued at $889,000. Pathstone Holdings LLC lifted its position in Dell Technologies by 3.7% during the third quarter. Pathstone Holdings LLC now owns 32,078 shares of the technology company's stock valued at $3,803,000 after purchasing an additional 1,136 shares during the last quarter. Lindenwold Advisors INC lifted its position in Dell Technologies by 1.6% during the third quarter. Lindenwold Advisors INC now owns 9,374 shares of the technology company's stock valued at $1,111,000 after purchasing an additional 144 shares during the last quarter. Finally, OneAscent Wealth Management LLC lifted its position in Dell Technologies by 61.7% during the third quarter. OneAscent Wealth Management LLC now owns 3,667 shares of the technology company's stock valued at $435,000 after purchasing an additional 1,399 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on DELL shares. Raymond James lowered their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a report on Friday, September 27th. They issued a "buy" rating and a $144.00 target price for the company. Mizuho began coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They issued an "outperform" rating and a $135.00 target price for the company. Citigroup raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and an average target price of $146.50.

Dell Technologies Stock Down 1.5 %

DELL stock opened at $133.93 on Thursday. The firm has a 50 day moving average of $124.71 and a 200 day moving average of $126.67. The stock has a market capitalization of $94.07 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.43 and a beta of 0.89. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.40. The company 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%. Dell Technologies's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the business earned $1.44 EPS. On average, equities research analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.33%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies's payout ratio is 32.72%.

Insider Buying and Selling at Dell Technologies

In related news, CEO Michael S. Dell sold 221,460 shares of the business's stock in a transaction on Friday, September 6th. The shares were 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,954,112 shares of company stock worth $2,113,449,139. Company insiders own 46.70% of the company's stock.

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).