Beaton Management Co. Inc. Boosts Stock Position in Dell Technologies Inc. (NYSE:DELL)

Beaton Management Co. Inc. grew its stake in Dell Technologies Inc. (NYSE:DELL) by 31.2% during the third quarter, HoldingsChannel reports. The firm owned 2,075 shares of the technology company’s stock after purchasing an additional 493 shares during the quarter. Beaton Management Co. Inc.’s holdings in Dell Technologies were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of DELL. Avantax Advisory Services Inc. boosted its holdings in shares of Dell Technologies by 30.4% in the first quarter. Avantax Advisory Services Inc. now owns 6,513 shares of the technology company’s stock valued at $743,000 after acquiring an additional 1,520 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $282,000. HBK Sorce Advisory LLC purchased a new stake in shares of Dell Technologies in the first quarter valued at approximately $206,000. Blair William & Co. IL raised its position in Dell Technologies by 537.4% in the first quarter. Blair William & Co. IL now owns 47,141 shares of the technology company’s stock worth $5,379,000 after acquiring an additional 39,745 shares in the last quarter. Finally, Patten & Patten Inc. TN lifted its holdings in Dell Technologies by 41.3% in the first quarter. Patten & Patten Inc. TN now owns 5,387 shares of the technology company’s stock valued at $615,000 after acquiring an additional 1,574 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 $131.64 on Friday. The firm’s 50 day moving average price is $123.03 and its 200 day moving average price is $126.40. The firm has a market cap of $92.46 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. Dell Technologies Inc. has a 1 year low of $67.51 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. As a group, equities analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.35%. Dell Technologies’s payout ratio is currently 32.72%.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was 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 approximately $3,066,560. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This represents a 9.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. Insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DELL shares. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Morgan Stanley lifted their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Evercore ISI reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Dell Technologies in a research note on Wednesday, August 28th. UBS Group decreased their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Wells Fargo & Company dropped their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.63.

Dell Technologies 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).