Harbour Capital Advisors LLC Has $365,000 Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Harbour Capital Advisors LLC trimmed its holdings in Dell Technologies Inc. (NYSE:DELL) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,984 shares of the technology company’s stock after selling 207 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Dell Technologies were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors acquired a new position in Dell Technologies during the 1st quarter worth approximately $835,946,000. DekaBank Deutsche Girozentrale raised its stake in Dell Technologies by 2.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock worth $319,771,000 after buying an additional 51,804 shares during the period. Bahl & Gaynor Inc. raised its stake in Dell Technologies by 4.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock worth $194,289,000 after buying an additional 55,763 shares during the period. Bank of New York Mellon Corp raised its stake in Dell Technologies by 103.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after buying an additional 575,166 shares during the period. Finally, Nordea Investment Management AB raised its stake in Dell Technologies by 303.6% during the 1st quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock worth $107,173,000 after buying an additional 705,167 shares during the period. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $126.54 on Friday. The stock has a market cap of $89.76 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70. The stock has a fifty day moving average of $114.96 and a 200-day moving average of $125.45.

Dell Technologies (NYSE:DELL) last announced its quarterly 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. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 earnings per share. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.41%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is 36.33%.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. Company insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the topic of a number of research reports. Barclays upped their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their price target on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Raymond James decreased their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 price target for the company. Finally, Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

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).