Argyle Capital Management Inc. Buys 2,050 Shares of Dell Technologies Inc. (NYSE:DELL)

Argyle Capital Management Inc. increased its position in Dell Technologies Inc. (NYSE:DELL) by 19.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,660 shares of the technology company’s stock after purchasing an additional 2,050 shares during the quarter. Argyle Capital Management Inc.’s holdings in Dell Technologies were worth $1,501,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors purchased a new stake in Dell Technologies in the first quarter worth about $835,946,000. International Assets Investment Management LLC lifted its position in shares of Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after purchasing an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Dell Technologies by 83.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after purchasing an additional 1,011,512 shares in the last quarter. Bahl & Gaynor Inc. increased its holdings in Dell Technologies by 159.8% during the first quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock valued at $154,396,000 after buying an additional 832,144 shares during the period. Finally, Nordea Investment Management AB raised its stake in Dell Technologies by 303.6% in the first quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock worth $107,173,000 after buying an additional 705,167 shares in the last quarter. 38.10% of the stock is owned by institutional investors.

Dell Technologies Price Performance

Dell Technologies stock traded up $0.21 during trading hours on Tuesday, hitting $120.87. 725,666 shares of the stock traded hands, compared to its average volume of 10,198,080. The firm’s 50 day moving average price is $116.91 and its 200-day moving average price is $125.27. The stock has a market capitalization of $85.73 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 1.27 and a beta of 0.90. Dell Technologies Inc. has a 1 year low of $65.73 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Dell Technologies’s revenue for the quarter was up 9.1% on a year-over-year basis. Research analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.47%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael S. Dell sold 221,460 shares of Dell Technologies 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 transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This trade represents a 0.00 % 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. 46.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DELL shares. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Citigroup lifted their target price on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Morgan Stanley decreased their price target on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. TD Cowen lowered their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Dell Technologies in a research note on Friday, September 27th. They set a “buy” rating and a $144.00 price objective for the company. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

About Dell Technologies

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).