Sunbelt Securities Inc. Has $2.56 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Sunbelt Securities Inc. boosted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 16,925.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,622 shares of the technology company's stock after acquiring an additional 21,495 shares during the quarter. Sunbelt Securities Inc.'s holdings in Dell Technologies were worth $2,563,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Intrepid Financial Planning Group LLC lifted its holdings in Dell Technologies by 0.7% in the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company's stock valued at $1,423,000 after acquiring an additional 80 shares during the last quarter. Smithfield Trust Co boosted its holdings in shares of Dell Technologies by 8.0% in the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company's stock worth $134,000 after buying an additional 84 shares during the period. Graypoint LLC boosted its position in Dell Technologies by 4.3% during the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company's stock worth $247,000 after acquiring an additional 86 shares during the period. Affinity Wealth Management LLC grew its stake in Dell Technologies by 2.5% in the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company's stock valued at $422,000 after purchasing an additional 87 shares in the last quarter. Finally, ASB Consultores LLC increased its stake in shares of Dell Technologies by 4.6% during the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company's stock worth $236,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Stock Up 1.6 %

DELL stock traded up $1.90 during midday trading on Wednesday, reaching $118.69. 7,705,328 shares of the company's stock traded hands, compared to its average volume of 10,105,125. The company has a market cap of $83.37 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.30 and a beta of 0.90. The company has a 50-day simple moving average of $128.08 and a two-hundred day simple moving average of $125.41. Dell Technologies Inc. has a 1-year low of $68.94 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The business had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the prior year, the company earned $1.62 EPS. The firm's quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.50%. Dell Technologies's dividend payout ratio is 31.45%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DELL. Barclays upped their price target on Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. Raymond James cut their price target on Dell Technologies from $166.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, December 2nd. Mizuho cut their target price on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. Finally, Susquehanna began coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They set a "neutral" rating and a $120.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $148.06.

Insider Activity

In related news, CEO Michael S. Dell sold 1,032,968 shares of Dell Technologies stock in a transaction on Friday, September 13th. The stock was sold at an average price of $113.67, for a total transaction of $117,417,472.56. Following the completion of the sale, the chief executive officer now directly owns 13,094,517 shares of the company's stock, valued at $1,488,453,747.39. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the transaction, the director now owns 777,347 shares of the company's stock, valued at $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,409,903 shares of company stock valued at $1,737,563,234. 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).