15,424 Shares in Dell Technologies Inc. (NYSE:DELL) Purchased by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,424 shares of the technology company’s stock, valued at approximately $1,876,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC boosted its holdings in shares of Dell Technologies by 1.4% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after purchasing an additional 80 shares in the last quarter. Graypoint LLC boosted its holdings in shares of Dell Technologies by 4.3% in the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after purchasing an additional 86 shares in the last quarter. Affinity Wealth Management LLC boosted its holdings in shares of Dell Technologies by 2.5% in the 3rd quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock worth $422,000 after purchasing an additional 87 shares in the last quarter. ASB Consultores LLC boosted its holdings in shares of Dell Technologies by 4.6% in the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock worth $236,000 after purchasing an additional 87 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Dell Technologies by 39.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 335 shares of the technology company’s stock worth $40,000 after purchasing an additional 95 shares in the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DELL has been the subject of a number of research reports. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Morgan Stanley lowered their target price on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Bank of America boosted their target price on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. TD Cowen lowered their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Finally, Wells Fargo & Company lowered their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $138.30 on Thursday. Dell Technologies Inc. has a 52-week low of $67.51 and a 52-week high of $179.70. The firm has a market capitalization of $97.14 billion, a P/E ratio of 25.42, a P/E/G ratio of 1.38 and a beta of 0.89. The stock has a 50 day moving average price of $119.49 and a 200-day moving average price of $125.78.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion for 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 firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 EPS. On average, equities analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.29%. Dell Technologies’s dividend payout ratio is 32.72%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. 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 three months, insiders have sold 17,953,387 shares of company stock worth $2,113,353,236. Insiders own 46.70% of the company’s stock.

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).