CHICAGO TRUST Co NA Acquires 180 Shares of Dell Technologies Inc. (NYSE:DELL)

CHICAGO TRUST Co NA lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 5.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,683 shares of the technology company’s stock after purchasing an additional 180 shares during the period. CHICAGO TRUST Co NA’s holdings in Dell Technologies were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of DELL. Exchange Traded Concepts LLC lifted its position in shares of Dell Technologies by 1,290.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,076 shares of the technology company’s stock valued at $602,000 after buying an additional 4,711 shares in the last quarter. Carnegie Investment Counsel boosted its position in shares of Dell Technologies by 1,556.2% in the third quarter. Carnegie Investment Counsel now owns 57,753 shares of the technology company’s stock worth $6,846,000 after purchasing an additional 54,266 shares during the period. InTrack Investment Management Inc raised its position in shares of Dell Technologies by 134.9% during the 3rd quarter. InTrack Investment Management Inc now owns 5,403 shares of the technology company’s stock valued at $640,000 after purchasing an additional 3,103 shares during the period. HCR Wealth Advisors boosted its holdings in Dell Technologies by 23.5% in the 3rd quarter. HCR Wealth Advisors now owns 14,922 shares of the technology company’s stock worth $1,769,000 after buying an additional 2,843 shares during the period. Finally, Gateway Investment Advisers LLC raised its holdings in Dell Technologies by 21.3% during the third quarter. Gateway Investment Advisers LLC now owns 59,801 shares of the technology company’s stock valued at $7,089,000 after acquiring an additional 10,481 shares during the period. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on DELL shares. TD Cowen lowered their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Evercore ISI reissued an “outperform” rating and set a $140.00 price objective on shares of Dell Technologies in a report on Wednesday, August 28th. Barclays boosted their target price on 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 started coverage on Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Dell Technologies in a report on Friday, September 27th. They issued a “buy” rating and a $144.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lake Group L.L.C. Silver sold 25,381 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the completion of the transaction, the director now directly owns 787,669 shares of the company’s stock, valued at $105,878,466.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,978,043 shares of company stock valued at $2,116,671,062 over the last quarter. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $127.73 on Monday. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70. The company has a market cap of $90.60 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.29 and a beta of 0.90. The business’s 50 day moving average price is $111.52 and its 200-day moving average price is $125.18.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.44 earnings per share. Sell-side analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is presently 36.33%.

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).