Seven Grand Managers LLC Makes New $23.71 Million Investment in Dell Technologies Inc. (NYSE:DELL)

Seven Grand Managers LLC acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 200,000 shares of the technology company’s stock, valued at approximately $23,708,000. Dell Technologies makes up about 5.4% of Seven Grand Managers LLC’s holdings, making the stock its 3rd largest position.

A number of other hedge funds also recently made changes to their positions in DELL. B.O.S.S. Retirement Advisors LLC purchased a new position in shares of Dell Technologies during the 3rd quarter valued at $242,000. Vontobel Holding Ltd. raised its holdings in Dell Technologies by 10.1% during the third quarter. Vontobel Holding Ltd. now owns 123,696 shares of the technology company’s stock valued at $14,663,000 after acquiring an additional 11,350 shares during the period. MN Wealth Advisors LLC purchased a new position in shares of Dell Technologies in the third quarter valued at about $256,000. Zhang Financial LLC boosted its stake in shares of Dell Technologies by 35.8% in the third quarter. Zhang Financial LLC now owns 7,156 shares of the technology company’s stock worth $848,000 after acquiring an additional 1,885 shares during the period. Finally, NBC Securities Inc. raised its stake in Dell Technologies by 53.4% during the 3rd quarter. NBC Securities Inc. now owns 12,709 shares of the technology company’s stock valued at $1,506,000 after purchasing an additional 4,423 shares during the period. 38.10% of the stock is currently owned by institutional investors.

Dell Technologies Stock Up 0.7 %

DELL stock opened at $126.74 on Thursday. The firm’s fifty day simple moving average is $113.52 and its two-hundred day simple moving average is $125.37. The stock has a market capitalization of $89.90 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70.

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, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same period in the prior year, the company posted $1.44 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

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 issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 36.33%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley dropped their price target 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. Sanford C. Bernstein cut their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Susquehanna started coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a research report on Friday, September 27th. They issued a “buy” rating and a $144.00 target price on the stock. Three investment 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 has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were 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 directly owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. 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. In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the transaction, the chief executive officer now owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,952,662 shares of company stock worth $2,113,259,348 over the last quarter. Company 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).