Empowered Funds LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 268.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,918 shares of the technology company's stock after acquiring an additional 19,610 shares during the period. Empowered Funds LLC's holdings in Dell Technologies were worth $3,191,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in DELL. Sheaff Brock Investment Advisors LLC grew its stake in shares of Dell Technologies by 968.0% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 77,503 shares of the technology company's stock worth $9,187,000 after acquiring an additional 70,246 shares in the last quarter. Vectors Research Management LLC increased its stake in Dell Technologies by 669.2% in the 3rd quarter. Vectors Research Management LLC now owns 12,461 shares of the technology company's stock valued at $1,470,000 after buying an additional 10,841 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Dell Technologies by 371.8% during the 3rd quarter. CIBC Asset Management Inc now owns 42,398 shares of the technology company's stock worth $5,026,000 after buying an additional 33,412 shares during the last quarter. Intellectus Partners LLC increased its position in shares of Dell Technologies by 17.5% in the third quarter. Intellectus Partners LLC now owns 3,350 shares of the technology company's stock valued at $397,000 after acquiring an additional 500 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in Dell Technologies by 18.4% during the third quarter. OneDigital Investment Advisors LLC now owns 3,998 shares of the technology company's stock worth $474,000 after acquiring an additional 622 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Dell Technologies
In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was 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 $3,066,560. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the sale, 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 37.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,954,112 shares of company stock valued at $2,113,449,139 over the last ninety days. 46.70% of the stock is owned by corporate insiders.
Dell Technologies Stock Down 0.1 %
Shares of DELL traded down $0.16 during trading hours on Tuesday, hitting $135.85. 5,306,196 shares of the company were exchanged, compared to its average volume of 10,044,921. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The company has a market cap of $95.42 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 1.39 and a beta of 0.89. The firm's fifty day moving average is $124.21 and its 200 day moving average is $126.62.
Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate 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%. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 EPS. Analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current year.
Dell Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.31%. Dell Technologies's dividend payout ratio is currently 32.72%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on DELL. Bank of America upped their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Thursday, August 15th. Morgan Stanley boosted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Evercore ISI reiterated an "outperform" rating and issued a $140.00 target price on shares of Dell Technologies in a research note on Wednesday, August 28th. Finally, Citigroup boosted their price target on Dell Technologies from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $145.88.
Read Our Latest Analysis on DELL
About Dell Technologies
(
Free Report)
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).
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