Valley Wealth Managers Inc. Increases Stock Position in Dell Technologies Inc. (NYSE:DELL)

Valley Wealth Managers Inc. increased its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 146,190 shares of the technology company's stock after buying an additional 7,279 shares during the period. Valley Wealth Managers Inc.'s holdings in Dell Technologies were worth $17,329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DELL. Capital World Investors bought a new position in shares of Dell Technologies during the 1st quarter valued at $835,946,000. International Assets Investment Management LLC raised its holdings in Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company's stock worth $287,779,000 after purchasing an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Dell Technologies by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company's stock worth $319,771,000 after purchasing an additional 51,804 shares during the period. Bahl & Gaynor Inc. raised its holdings in Dell Technologies by 4.1% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company's stock worth $194,289,000 after purchasing an additional 55,763 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Dell Technologies by 103.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company's stock worth $156,275,000 after buying an additional 575,166 shares in the last quarter. Hedge funds and other institutional investors own 38.10% of the company's stock.

Wall Street Analyst Weigh In

DELL has been the subject of a number of analyst reports. Mizuho assumed coverage on Dell Technologies in a research note on Tuesday, September 17th. They issued an "outperform" rating and a $135.00 price target for the company. Bank of America raised their price objective on Dell Technologies from $150.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Fox Advisors upgraded Dell Technologies from an "equal weight" rating to an "overweight" rating in a research report on Friday, August 30th. UBS Group dropped 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. Finally, TD Cowen dropped their price target on Dell Technologies from $155.00 to $128.00 and set a "hold" rating for the company in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $144.63.

Insider Transactions at Dell Technologies

In related news, insider William F. Scannell sold 42,595 shares of the business'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 sale, the insider now directly owns 73,263 shares of the company's stock, valued at $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 available at this hyperlink. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. This represents a 9.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock worth $2,113,353,236 in the last 90 days. Insiders own 46.70% of the company's stock.

Dell Technologies Stock Down 2.1 %

Shares of DELL traded down $2.81 during trading hours on Friday, reaching $131.62. 4,994,546 shares of the company traded hands, compared to its average volume of 10,081,875. The stock has a market capitalization of $92.45 billion, a P/E ratio of 24.31, a P/E/G ratio of 1.42 and a beta of 0.89. The business has a fifty day moving average price of $122.43 and a 200-day moving average price of $126.37. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $1.44 EPS. As a group, research analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.35%. Dell Technologies's dividend payout ratio is currently 32.72%.

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).