Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Austin Private Wealth LLC

Austin Private Wealth LLC grew its stake in Dell Technologies Inc. (NYSE:DELL) by 26.7% during the third quarter, Holdings Channel.com reports. The fund owned 5,684 shares of the technology company’s stock after acquiring an additional 1,199 shares during the period. Austin Private Wealth LLC’s holdings in Dell Technologies were worth $674,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DELL. Private Advisor Group LLC raised its stake in shares of Dell Technologies by 61.8% in the first quarter. Private Advisor Group LLC now owns 22,770 shares of the technology company’s stock valued at $2,598,000 after acquiring an additional 8,696 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Dell Technologies by 44.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,280 shares of the technology company’s stock valued at $13,383,000 after purchasing an additional 35,900 shares during the period. Janney Montgomery Scott LLC raised its position in Dell Technologies by 18.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 58,867 shares of the technology company’s stock worth $6,717,000 after buying an additional 8,974 shares during the last quarter. Graypoint LLC acquired a new stake in Dell Technologies in the first quarter valued at about $238,000. Finally, Whittier Trust Co. boosted its stake in shares of Dell Technologies by 26.8% in the first quarter. Whittier Trust Co. now owns 7,710 shares of the technology company’s stock valued at $880,000 after buying an additional 1,630 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DELL. Bank of America boosted their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Mizuho assumed coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price on the stock. Citigroup lifted their price objective on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Morgan Stanley cut their price target on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Finally, UBS Group decreased their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Price Performance

NYSE:DELL traded up $0.15 during mid-day trading on Tuesday, reaching $130.00. The stock had a trading volume of 1,411,672 shares, compared to its average volume of 10,204,257. Dell Technologies Inc. has a 1-year low of $67.51 and a 1-year high of $179.70. The company has a market capitalization of $91.31 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 1.38 and a beta of 0.89. The stock’s 50 day simple moving average is $118.52 and its two-hundred day simple moving average is $125.56.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 company 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 earned $1.44 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Insider Buying and Selling

In other news, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction dated 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. This trade represents a 0.00 % 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.

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).