Guild Investment Management Inc. Takes Position in Dell Technologies Inc. (NYSE:DELL)

Guild Investment Management Inc. purchased a new stake in Dell Technologies Inc. (NYSE:DELL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 28,060 shares of the technology company’s stock, valued at approximately $3,326,000. Dell Technologies accounts for about 3.5% of Guild Investment Management Inc.’s investment portfolio, making the stock its 9th biggest holding.

Other institutional investors also recently modified their holdings of the company. Franklin Street Advisors Inc. NC increased its position in Dell Technologies by 1.3% during the third quarter. Franklin Street Advisors Inc. NC now owns 116,526 shares of the technology company’s stock worth $13,813,000 after acquiring an additional 1,552 shares during the period. Private Advisory Group LLC increased its holdings in Dell Technologies by 296.3% in the 3rd quarter. Private Advisory Group LLC now owns 29,736 shares of the technology company’s stock valued at $3,525,000 after buying an additional 22,233 shares during the period. Watts Gwilliam & Co. LLC bought a new stake in Dell Technologies in the 3rd quarter valued at $1,942,000. BSN CAPITAL PARTNERS Ltd bought a new stake in Dell Technologies in the 3rd quarter valued at $5,000,000. Finally, Clarus Wealth Advisors boosted its stake in shares of Dell Technologies by 34.0% in the 3rd quarter. Clarus Wealth Advisors now owns 6,216 shares of the technology company’s stock valued at $740,000 after purchasing an additional 1,578 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Trading Up 1.0 %

Shares of DELL stock traded up $1.21 on Friday, reaching $126.01. The company had a trading volume of 2,430,277 shares, compared to its average volume of 10,513,192. The stock has a market cap of $88.51 billion, a PE ratio of 23.18, a PEG ratio of 1.29 and a beta of 0.90. The company has a 50-day moving average of $111.01 and a 200-day moving average of $124.91. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly 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. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 EPS. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

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 paid a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.41%. Dell Technologies’s payout ratio is 32.72%.

Wall Street Analyst Weigh In

DELL has been the topic of several recent analyst reports. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 target price on the stock. Morgan Stanley reduced their price target on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Company reduced their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, Bank of America upped their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Dell Technologies news, CEO Michael S. Dell sold 1,166,595 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $117.42, for a total transaction of $136,981,584.90. Following the completion of the sale, the chief executive officer now owns 26,912,241 shares of the company’s stock, valued at $3,160,035,338.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 sale, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,978,043 shares of company stock valued at $2,116,671,062. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Company 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).