Rheos Capital Works Inc. Acquires New Holdings in Dell Technologies Inc. (NYSE:DELL)

Rheos Capital Works Inc. acquired a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 200,000 shares of the technology company's stock, valued at approximately $23,708,000. Dell Technologies accounts for approximately 1.2% of Rheos Capital Works Inc.'s investment portfolio, making the stock its 28th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Seven Grand Managers LLC bought a new stake in Dell Technologies in the third quarter valued at $23,708,000. B.O.S.S. Retirement Advisors LLC bought a new position in Dell Technologies in the 3rd quarter worth approximately $242,000. Vontobel Holding Ltd. increased its position in Dell Technologies by 10.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 123,696 shares of the technology company's stock valued at $14,663,000 after acquiring an additional 11,350 shares during the period. MN Wealth Advisors LLC bought a new stake in Dell Technologies during the 3rd quarter valued at $256,000. Finally, Zhang Financial LLC boosted its position in Dell Technologies by 35.8% during the 3rd quarter. Zhang Financial LLC now owns 7,156 shares of the technology company's stock worth $848,000 after acquiring an additional 1,885 shares during the period. Institutional investors own 38.10% of the company's stock.

Dell Technologies Trading Up 1.9 %

Shares of DELL traded up $2.46 during midday trading on Thursday, hitting $129.19. The stock had a trading volume of 5,598,858 shares, compared to its average volume of 10,437,107. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70. The business has a 50-day simple moving average of $114.28 and a two-hundred day simple moving average of $125.40. The firm has a market cap of $91.63 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion for 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 company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 EPS. On average, analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.38%. Dell Technologies's payout ratio is presently 36.33%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DELL. JPMorgan Chase & Co. lifted their price objective 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 reduced their price target on shares of Dell Technologies from $142.00 to $136.00 and set an "overweight" rating for the company in a research note on Thursday, August 29th. Fox Advisors upgraded shares of Dell Technologies from an "equal weight" rating to an "overweight" rating in a report on Friday, August 30th. TD Cowen dropped their target price on Dell Technologies from $155.00 to $128.00 and set a "hold" rating on the stock in a report on Friday, August 30th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $140.00 price target on shares of Dell Technologies in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus target price of $143.50.

Insider Activity

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 16,912,241 shares in the company, valued at $2,070,058,298.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,953,387 shares of company stock worth $2,113,353,236 in the last 90 days. Company insiders own 46.70% of the company's stock.

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).