GLOBALT Investments LLC GA Invests $4.94 Million in Dell Technologies Inc. (NYSE:DELL)

GLOBALT Investments LLC GA acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 41,650 shares of the technology company's stock, valued at approximately $4,937,000.

Other large investors have also recently bought and sold shares of the company. Capital World Investors acquired a new position in shares of Dell Technologies during the first quarter worth approximately $835,946,000. International Assets Investment Management LLC increased its holdings in shares of Dell Technologies by 19,376.1% during the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company's stock valued at $287,779,000 after purchasing an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Dell Technologies by 2.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company's stock valued at $319,771,000 after purchasing an additional 51,804 shares in the last quarter. Bahl & Gaynor Inc. lifted its holdings in Dell Technologies by 4.1% in the second quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company's stock worth $194,289,000 after purchasing an additional 55,763 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Dell Technologies by 103.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company's stock valued at $156,275,000 after buying an additional 575,166 shares during the period. Institutional investors own 38.10% of the company's stock.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 1,839,959 shares of the firm's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. This trade represents a 9.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies 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 in the company, valued at $3,066,560. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Performance

Shares of DELL stock traded up $4.10 on Monday, reaching $135.74. 4,137,833 shares of the company's stock traded hands, compared to its average volume of 10,055,353. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70. The business's 50 day moving average price is $123.03 and its two-hundred day moving average price is $126.46. The company has a market capitalization of $95.34 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $25.03 billion during the quarter, compared to analysts' expectations of $24.14 billion. During the same period last year, the company posted $1.44 earnings per share. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. Research analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company 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 of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.31%. Dell Technologies's payout ratio is 32.72%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DELL shares. TD Cowen lowered their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a "hold" rating on the stock in a research note on Friday, August 30th. Fox Advisors raised Dell Technologies from an "equal weight" rating to an "overweight" rating in a research note on Friday, August 30th. Bank of America raised their target price on Dell Technologies from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, August 30th. UBS Group cut their price target on shares of Dell Technologies from $164.00 to $158.00 and set a "buy" rating for the company in a report on Friday, August 30th. Finally, Sanford C. Bernstein lowered their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $145.88.

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).