23,834 Shares in Dell Technologies Inc. (NYSE:DELL) Purchased by Deltec Asset Management LLC

Deltec Asset Management LLC acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the third quarter, HoldingsChannel reports. The fund acquired 23,834 shares of the technology company’s stock, valued at approximately $2,825,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Argyle Capital Management Inc. lifted its position in shares of Dell Technologies by 19.3% during the third quarter. Argyle Capital Management Inc. now owns 12,660 shares of the technology company’s stock worth $1,501,000 after purchasing an additional 2,050 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in shares of Dell Technologies by 24.9% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,428 shares of the technology company’s stock valued at $413,000 after acquiring an additional 684 shares during the last quarter. Integrated Advisors Network LLC raised its position in shares of Dell Technologies by 54.7% during the 3rd quarter. Integrated Advisors Network LLC now owns 45,126 shares of the technology company’s stock valued at $5,349,000 after acquiring an additional 15,962 shares in the last quarter. abrdn plc lifted its stake in Dell Technologies by 1,474.6% during the third quarter. abrdn plc now owns 104,630 shares of the technology company’s stock worth $12,360,000 after purchasing an additional 97,985 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Dell Technologies during the third quarter valued at $1,217,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Dell Technologies stock opened at $121.65 on Wednesday. The firm has a market cap of $86.29 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90. Dell Technologies Inc. has a 1 year low of $65.73 and a 1 year high of $179.70. The firm’s 50 day moving average price is $117.13 and its two-hundred day moving average price is $125.30.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 earnings per share. As a group, equities analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.46%. Dell Technologies’s payout ratio is presently 36.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DELL shares. TD Cowen dropped their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Citigroup boosted 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. Susquehanna assumed coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective on the stock. Barclays lifted their price target on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, Bank of America increased their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the sale, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. This trade represents a 0.00 % 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 valued at $2,113,353,236 in the last quarter. Company insiders own 46.70% of the company’s stock.

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).