3,004 Shares in Dell Technologies Inc. (NYSE:DELL) Bought by Detalus Advisors LLC

Detalus Advisors LLC acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,004 shares of the technology company’s stock, valued at approximately $356,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Clean Yield Group acquired a new stake in shares of Dell Technologies during the 3rd quarter valued at approximately $25,000. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies in the 2nd quarter worth about $28,000. New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies in the 1st quarter valued at about $30,000. Nemes Rush Group LLC bought a new stake in shares of Dell Technologies during the 2nd quarter valued at about $33,000. Finally, Crewe Advisors LLC bought a new position in Dell Technologies in the second quarter worth about $34,000. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Performance

NYSE DELL traded up $0.65 on Wednesday, reaching $121.05. The company’s stock had a trading volume of 1,875,340 shares, compared to its average volume of 10,325,505. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70. The firm’s 50 day moving average is $115.97 and its two-hundred day moving average is $125.38. The stock has a market cap of $85.86 billion, a PE ratio of 24.78, a PEG ratio of 1.29 and a beta of 0.90.

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. 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 firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. Equities research analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be given a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.47%. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly 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 filing with the SEC, which is available through this link. In other news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, 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 filing with the SEC, which is available at this link. Also, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the transaction, the insider now directly owns 73,263 shares in the company, valued at $8,593,017.27. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DELL has been the topic of a number of research reports. Citigroup increased their price target on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. UBS Group cut their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Bank of America upped their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company reduced their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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).