Summit Global Investments Invests $744,000 in Dell Technologies Inc. (NYSE:DELL)

Summit Global Investments bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,277 shares of the technology company's stock, valued at approximately $744,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DELL. GPS Wealth Strategies Group LLC raised its stake in shares of Dell Technologies by 1.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company's stock valued at $822,000 after purchasing an additional 80 shares in the last quarter. Graypoint LLC lifted its position in Dell Technologies by 4.3% in the third quarter. Graypoint LLC now owns 2,086 shares of the technology company's stock worth $247,000 after purchasing an additional 86 shares during the period. Affinity Wealth Management LLC raised its stake in shares of Dell Technologies by 2.5% in the 3rd quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company's stock worth $422,000 after buying an additional 87 shares in the last quarter. ASB Consultores LLC grew its holdings in Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company's stock worth $236,000 after acquiring an additional 87 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in Dell Technologies by 39.6% in the third quarter. Massmutual Trust Co. FSB ADV now owns 335 shares of the technology company's stock worth $40,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company's stock.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded down $3.64 on Friday, hitting $134.23. 6,325,400 shares of the company were exchanged, compared to its average volume of 6,788,248. The company's 50 day moving average price is $120.40 and its two-hundred day moving average price is $126.03. The firm has a market capitalization of $94.28 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.46 and a beta of 0.89. Dell Technologies Inc. has a one year low of $67.51 and a one year high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business had revenue of $25.03 billion for the quarter, compared to analysts' expectations of $24.14 billion. During the same period in the previous year, the business posted $1.44 earnings per share. Dell Technologies's quarterly revenue was up 9.1% on a year-over-year basis. Research analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.33%. Dell Technologies's dividend payout ratio (DPR) is currently 32.72%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DELL. Citigroup boosted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 30th. TD Cowen dropped their price target 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 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 report on Friday, August 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $143.50.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the transaction, the insider now directly owns 73,263 shares of the company's stock, valued at $8,593,017.27. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $93,887.50. Following the sale, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 over the last quarter. 46.70% of the stock is owned by company insiders.

About Dell Technologies

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).