Valley Wealth Managers Inc. Buys 7,279 Shares of Dell Technologies Inc. (NYSE:DELL)

Valley Wealth Managers Inc. lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,190 shares of the technology company’s stock after buying an additional 7,279 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Dell Technologies were worth $17,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in DELL. Capital World Investors purchased a new position in shares of Dell Technologies in the first quarter valued at about $835,946,000. International Assets Investment Management LLC boosted its stake in shares of Dell Technologies by 19,376.1% in the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after acquiring an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Dell Technologies by 83.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after acquiring an additional 1,011,512 shares during the period. Bahl & Gaynor Inc. boosted its stake in shares of Dell Technologies by 159.8% in the first quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock worth $154,396,000 after acquiring an additional 832,144 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Dell Technologies by 103.1% in the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after acquiring an additional 575,166 shares during the period. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Down 0.7 %

Shares of NYSE DELL traded down $0.89 during midday trading on Friday, hitting $133.54. The company’s stock had a trading volume of 717,079 shares, compared to its average volume of 10,062,670. The business’s 50 day moving average is $122.43 and its two-hundred day moving average is $126.37. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70. The firm has a market cap of $93.80 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued 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. 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 the consensus estimate of $24.14 billion. During the same period in the prior year, the business posted $1.44 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.33%. Dell Technologies’s dividend payout ratio (DPR) is currently 32.72%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group dropped their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Susquehanna assumed coverage on Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective for the company. Sanford C. Bernstein dropped their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Morgan Stanley boosted their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their target price on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $144.63.

Insider Buying and Selling

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the stock in a transaction on 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 sale, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This trade represents a 9.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 over the last quarter. 46.70% of the stock is owned by corporate insiders.

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).