Dell Technologies Inc. (NYSE:DELL) Shares Bought by Coston McIsaac & Partners

Coston McIsaac & Partners lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 27.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 466 shares of the technology company’s stock after purchasing an additional 100 shares during the quarter. Coston McIsaac & Partners’ holdings in Dell Technologies were worth $55,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Dell Technologies by 22.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after buying an additional 25,117 shares during the period. LRI Investments LLC purchased a new stake in Dell Technologies in the first quarter valued at approximately $104,000. Oppenheimer Asset Management Inc. increased its position in Dell Technologies by 31.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after purchasing an additional 1,539 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Dell Technologies by 114.2% in the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after purchasing an additional 5,432 shares during the last quarter. Finally, Chicago Capital LLC grew its stake in shares of Dell Technologies by 3.7% during the 3rd quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock valued at $14,399,000 after buying an additional 4,385 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction dated 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 sale, the insider now directly owns 73,263 shares in the company, valued at $8,593,017.27. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $3,066,560. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is currently owned by insiders.

Dell Technologies Trading Up 0.9 %

NYSE DELL traded up $1.04 during mid-day trading on Wednesday, reaching $121.44. 1,632,923 shares of the company’s stock traded hands, compared to its average volume of 10,324,322. The company has a fifty day simple moving average of $115.97 and a 200-day simple moving average of $125.38. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70. The company has a market cap of $86.14 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $24.14 billion. During the same period in the prior year, the company posted $1.44 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Equities research analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.47%. Dell Technologies’s payout ratio is 36.33%.

Analyst Ratings Changes

A number of research analysts recently weighed in on DELL shares. Evercore ISI reiterated an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a report on Wednesday, August 28th. Morgan Stanley decreased their target price on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Citigroup raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Finally, Raymond James cut their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

About Dell Technologies

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).