Dell Technologies Inc. (NYSE:DELL) Stock Position Raised by FDx Advisors Inc.

FDx Advisors Inc. lifted its position in Dell Technologies Inc. (NYSE:DELL) by 41.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,918 shares of the technology company’s stock after acquiring an additional 861 shares during the quarter. FDx Advisors Inc.’s holdings in Dell Technologies were worth $346,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DELL. Clean Yield Group purchased a new stake in Dell Technologies in the 3rd quarter worth approximately $25,000. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies during the 2nd quarter worth $28,000. New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies during the 1st quarter worth $30,000. Nemes Rush Group LLC acquired a new position in shares of Dell Technologies during the 2nd quarter worth $33,000. Finally, Crewe Advisors LLC acquired a new position in shares of Dell Technologies during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Barclays increased their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 target price on the stock. Mizuho assumed coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price on the stock. Citigroup raised their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Sanford C. Bernstein lowered their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.63.

Dell Technologies Stock Up 3.2 %

Shares of DELL stock opened at $138.55 on Tuesday. The company has a market capitalization of $97.32 billion, a P/E ratio of 25.47, a P/E/G ratio of 1.41 and a beta of 0.89. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70. The firm has a 50-day moving average price of $120.40 and a 200 day moving average price of $126.07.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data 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 firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 EPS. As a group, research analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.28%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is presently 32.72%.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction that occurred on 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 sale, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related 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 transaction of $22,604,422.20. Following the completion of the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. This 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 quarter. 46.70% of the stock is owned by company insiders.

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).