Qsemble Capital Management LP Acquires 3,961 Shares of Dell Technologies Inc. (NYSE:DELL)

Qsemble Capital Management LP increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 103.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,778 shares of the technology company’s stock after buying an additional 3,961 shares during the quarter. Qsemble Capital Management LP’s holdings in Dell Technologies were worth $922,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Morgan Stanley upped 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, November 11th. Sanford C. Bernstein cut their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Barclays increased their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Susquehanna assumed coverage on Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.50.

Dell Technologies Stock Performance

NYSE:DELL opened at $141.71 on Wednesday. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70. The firm has a 50-day moving average price of $126.91 and a two-hundred day moving average price of $126.97. The firm has a market cap of $99.54 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the previous year, the company earned $1.62 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.26%. Dell Technologies’s dividend payout ratio is presently 32.72%.

Insider Activity at Dell Technologies

In related news, insider William F. Scannell sold 42,595 shares of the business’s 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 directly owns 73,263 shares in the company, valued at $8,593,017.27. The trade was a 36.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,962,112 shares of company stock worth $2,114,595,059. Corporate insiders own 46.70% of the company’s stock.

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).