Empire Financial Management Company LLC Has $1.34 Million Stake in Dell Technologies Inc. (NYSE:DELL)

Empire Financial Management Company LLC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 197.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,300 shares of the technology company's stock after buying an additional 7,500 shares during the quarter. Empire Financial Management Company LLC's holdings in Dell Technologies were worth $1,340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Clean Yield Group acquired a new stake in shares of Dell Technologies during the 3rd quarter valued at approximately $25,000. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies during the 2nd quarter valued at approximately $28,000. True Wealth Design LLC lifted its position in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after acquiring an additional 253 shares during the period. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies during the 2nd quarter valued at approximately $33,000. Finally, Crewe Advisors LLC acquired a new position in shares of Dell Technologies during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the transaction, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 1,032,968 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $113.67, for a total transaction of $117,417,472.56. Following the completion of the transaction, the chief executive officer now directly owns 13,094,517 shares of the company's stock, valued at $1,488,453,747.39. This represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,409,903 shares of company stock valued at $1,737,563,234 over the last quarter. Insiders own 46.70% of the company's stock.

Dell Technologies Stock Performance

Shares of DELL stock traded up $2.08 during trading hours on Wednesday, hitting $118.87. 5,670,235 shares of the company were exchanged, compared to its average volume of 10,100,105. Dell Technologies Inc. has a one year low of $68.94 and a one year high of $179.70. The business's 50-day simple moving average is $128.00 and its two-hundred day simple moving average is $125.72. The stock has a market capitalization of $83.49 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.30 and a beta of 0.90.

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

Dell Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DELL. Morgan Stanley lifted their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Melius Research lifted their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Evercore ISI restated an "outperform" rating and set a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. UBS Group lowered their target price on shares of Dell Technologies from $164.00 to $158.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Finally, Raymond James lowered their target price on shares of Dell Technologies from $166.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and an average price target of $148.06.

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).