Sheaff Brock Investment Advisors LLC Increases Stake in Dell Technologies Inc. (NYSE:DELL)

Sheaff Brock Investment Advisors LLC grew its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 968.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 77,503 shares of the technology company's stock after buying an additional 70,246 shares during the quarter. Dell Technologies makes up 0.8% of Sheaff Brock Investment Advisors LLC's holdings, making the stock its 28th biggest holding. Sheaff Brock Investment Advisors LLC's holdings in Dell Technologies were worth $9,187,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vectors Research Management LLC increased its holdings in Dell Technologies by 669.2% in the third quarter. Vectors Research Management LLC now owns 12,461 shares of the technology company's stock valued at $1,470,000 after purchasing an additional 10,841 shares during the period. CIBC Asset Management Inc increased its stake in shares of Dell Technologies by 371.8% in the third quarter. CIBC Asset Management Inc now owns 42,398 shares of the technology company's stock valued at $5,026,000 after buying an additional 33,412 shares during the period. Intellectus Partners LLC raised its position in shares of Dell Technologies by 17.5% during the third quarter. Intellectus Partners LLC now owns 3,350 shares of the technology company's stock worth $397,000 after acquiring an additional 500 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Dell Technologies by 18.4% in 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 during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in Dell Technologies by 22.0% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,880 shares of the technology company's stock valued at $1,171,000 after purchasing an additional 1,782 shares during the period. Institutional investors and hedge funds own 38.10% of the company's stock.

Analysts Set New Price Targets

DELL has been the topic of a number of analyst reports. UBS Group reduced their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Sanford C. Bernstein decreased their price target on Dell Technologies from $155.00 to $140.00 and set an "outperform" rating for the company in a report on Friday, August 30th. Barclays lifted their price target on Dell Technologies from $97.00 to $106.00 and gave the company an "equal weight" rating in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Thursday, August 15th. Finally, Evercore ISI reiterated an "outperform" rating and set a $140.00 price target on shares of Dell Technologies in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $144.63.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded down $2.81 on Friday, reaching $131.62. 4,994,546 shares of the company traded hands, compared to its average volume of 10,081,875. The firm has a market capitalization of $92.45 billion, a PE ratio of 24.31, a PEG ratio of 1.42 and a beta of 0.89. The company has a 50 day moving average of $122.43 and a 200 day moving average of $126.37. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the business posted $1.44 earnings per share. As a group, analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders 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 yield of 1.35%. Dell Technologies's dividend payout ratio is currently 32.72%.

Insider Buying and Selling at Dell Technologies

In related news, insider William F. Scannell sold 42,595 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. The trade was a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the director now directly owns 23,680 shares of the company's stock, valued at approximately $3,066,560. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock valued at $2,113,353,236 in the last quarter. 46.70% of the stock is currently owned by corporate insiders.

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).