Kovack Advisors Inc. Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

Kovack Advisors Inc. boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 45.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,824 shares of the technology company’s stock after acquiring an additional 1,202 shares during the period. Kovack Advisors Inc.’s holdings in Dell Technologies were worth $453,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Clean Yield Group purchased a new position in Dell Technologies during the third quarter worth approximately $25,000. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies during the 2nd quarter valued at about $28,000. New Covenant Trust Company N.A. purchased a new stake in shares of Dell Technologies in the first quarter valued at about $30,000. Nemes Rush Group LLC acquired a new stake in Dell Technologies during the second quarter worth about $33,000. Finally, Crewe Advisors LLC acquired a new position in Dell Technologies in the 2nd quarter valued at about $34,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. This trade represents a 37.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,953,387 shares of company stock worth $2,113,353,236. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 0.1 %

Shares of NYSE DELL opened at $134.43 on Friday. The stock has a market cap of $94.42 billion, a P/E ratio of 24.71, a P/E/G ratio of 1.44 and a beta of 0.89. The stock has a 50 day moving average of $121.89 and a two-hundred day moving average of $126.31. Dell Technologies Inc. has a twelve month low of $67.51 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (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 business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, research analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.32%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DELL. 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. JPMorgan Chase & Co. upped their price target on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. TD Cowen decreased their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, Sanford C. Bernstein dropped their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” 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 given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $144.63.

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).