Moors & Cabot Inc. bought a new position in Dell Technologies Inc. (NYSE:DELL – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 3,828 shares of the technology company’s stock, valued at approximately $207,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new position in Dell Technologies during the 1st quarter valued at $27,000. BDO Wealth Advisors LLC purchased a new position in Dell Technologies during the 1st quarter valued at $28,000. Compass Wealth Management LLC purchased a new position in Dell Technologies during the 4th quarter valued at $28,000. Tower Research Capital LLC TRC boosted its holdings in Dell Technologies by 263.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 713 shares of the technology company’s stock valued at $29,000 after acquiring an additional 517 shares during the period. Finally, ZRC Wealth Management LLC bought a new stake in Dell Technologies during the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Daiwa Capital Markets raised Dell Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $50.00 to $80.00 in a research report on Monday, September 18th. Morgan Stanley lifted their target price on Dell Technologies from $70.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday, October 3rd. Citigroup lifted their target price on Dell Technologies from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, September 22nd. Wells Fargo & Company lifted their target price on Dell Technologies from $75.00 to $80.00 in a research report on Friday, October 6th. Finally, TD Cowen boosted their price target on Dell Technologies from $45.00 to $58.00 and gave the stock a “market perform” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.00.
Insider Transactions at Dell Technologies
In related news, General Counsel Richard J. Rothberg sold 30,009 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total transaction of $2,040,612.00. Following the sale, the general counsel now directly owns 99,899 shares of the company’s stock, valued at $6,793,132. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 48.60% of the company’s stock.
Dell Technologies Stock Performance
Dell Technologies stock opened at $73.37 on Tuesday. The business’s 50-day simple moving average is $69.13 and its two-hundred day simple moving average is $58.65. The company has a market cap of $53.08 billion, a PE ratio of 28.33, a PEG ratio of 1.13 and a beta of 0.95. Dell Technologies Inc. has a fifty-two week low of $35.96 and a fifty-two week high of $74.46.
Dell Technologies (NYSE:DELL – Get Free Report) last posted its quarterly earnings results on Thursday, August 31st. The technology company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.56. The business had revenue of $22.93 billion for the quarter, compared to the consensus estimate of $20.78 billion. Dell Technologies had a negative return on equity of 149.91% and a net margin of 2.03%. As a group, analysts predict that Dell Technologies Inc. will post 5.36 EPS for the current fiscal year.
Dell Technologies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 3rd. Shareholders of record on Tuesday, October 24th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $1.48 annualized dividend and a yield of 2.02%. Dell Technologies’s payout ratio is presently 57.14%.
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).
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