Dell Technologies Inc. (NYSE:DELL) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 146.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,963 shares of the technology company's stock after buying an additional 133,255 shares during the period. Victory Capital Management Inc.'s holdings in Dell Technologies were worth $26,549,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DELL. Aptus Capital Advisors LLC grew its position in shares of Dell Technologies by 4.7% in the third quarter. Aptus Capital Advisors LLC now owns 3,732 shares of the technology company's stock valued at $442,000 after purchasing an additional 168 shares during the period. Prime Capital Investment Advisors LLC grew its holdings in Dell Technologies by 368.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 10,075 shares of the technology company's stock valued at $1,194,000 after buying an additional 7,923 shares during the period. Intrepid Financial Planning Group LLC increased its stake in shares of Dell Technologies by 0.7% during 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. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Dell Technologies by 20.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 645,994 shares of the technology company's stock worth $76,576,000 after acquiring an additional 108,547 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in Dell Technologies by 38.5% in the third quarter. Apollon Wealth Management LLC now owns 6,923 shares of the technology company's stock valued at $821,000 after purchasing an additional 1,923 shares during the period. Hedge funds and other institutional investors own 38.10% of the company's stock.

Dell Technologies Stock Up 3.4 %

Shares of DELL traded up $4.41 during mid-day trading on Monday, hitting $136.05. The stock had a trading volume of 6,515,998 shares, compared to its average volume of 10,065,902. The company has a market cap of $95.56 billion, a PE ratio of 25.01, a PEG ratio of 1.39 and a beta of 0.89. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The company's fifty day simple moving average is $123.63 and its two-hundred day simple moving average is $126.55.

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 for the quarter, beating the consensus estimate of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors 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 dividend on an annualized basis and a yield of 1.31%. Dell Technologies's dividend payout ratio is currently 32.72%.

Wall Street Analysts Forecast Growth

DELL has been the subject of several research reports. Bank of America boosted their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, August 30th. 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 note on Friday, August 30th. UBS Group reduced their price objective on Dell Technologies from $164.00 to $158.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Evercore ISI reissued an "outperform" rating and issued a $140.00 price objective on shares of Dell Technologies in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company upped their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $145.88.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the company's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares of the company's stock, valued at $1,957,665,690.96. The trade was a 9.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock worth $2,113,353,236 in the last three months. 46.70% of the stock is owned by 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).