Thrivent Financial for Lutherans Has $1.66 Million Position in Dell Technologies Inc. (NYSE:DELL)

Thrivent Financial for Lutherans boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 529.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,008 shares of the technology company's stock after purchasing an additional 11,783 shares during the quarter. Thrivent Financial for Lutherans' holdings in Dell Technologies were worth $1,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies in the second quarter valued at $28,000. Clean Yield Group acquired a new position in shares of Dell Technologies in the 3rd quarter worth approximately $25,000. Nemes Rush Group LLC bought a new stake in shares of Dell Technologies in the 2nd quarter worth approximately $33,000. Crewe Advisors LLC acquired a new stake in Dell Technologies during the second quarter valued at approximately $34,000. Finally, Kimelman & Baird LLC acquired a new position in Dell Technologies in the second quarter worth approximately $37,000. Institutional investors own 38.10% of the company's stock.

Dell Technologies Trading Up 2.6 %

DELL traded up $3.21 during midday trading on Friday, reaching $127.59. The company's stock had a trading volume of 9,534,508 shares, compared to its average volume of 10,140,021. Dell Technologies Inc. has a twelve month low of $67.51 and a twelve month high of $179.70. The stock has a market cap of $89.62 billion, a P/E ratio of 22.54, a PEG ratio of 1.31 and a beta of 0.89. The company has a fifty day simple moving average of $127.41 and a 200 day simple moving average of $126.91.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.62 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were issued 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 1.40%. Dell Technologies's dividend payout ratio (DPR) is 31.45%.

Analysts Set New Price Targets

A number of research firms recently weighed in on DELL. UBS Group decreased their price target on Dell Technologies from $164.00 to $158.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Citigroup decreased their target price on Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a research report on Wednesday. Sanford C. Bernstein lowered their target price on Dell Technologies from $155.00 to $140.00 and set an "outperform" rating on the stock in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their price target 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. Finally, Morgan Stanley upped their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $148.18.

Insiders Place Their Bets

In other news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 owns 23,680 shares of the company's stock, valued at $3,066,560. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,962,112 shares of company stock worth $2,114,595,059. 46.70% of the stock is currently owned by company 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).