Vectors Research Management LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) by 669.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,461 shares of the technology company’s stock after buying an additional 10,841 shares during the period. Vectors Research Management LLC’s holdings in Dell Technologies were worth $1,470,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of DELL. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies during the second quarter worth approximately $28,000. Clean Yield Group bought a new position in shares of Dell Technologies in the third quarter worth $25,000. Nemes Rush Group LLC acquired a new position in shares of Dell Technologies during the second quarter valued at $33,000. Crewe Advisors LLC bought a new stake in shares of Dell Technologies during the second quarter valued at about $34,000. Finally, New Covenant Trust Company N.A. bought a new position in Dell Technologies in the 1st quarter valued at about $30,000. Institutional investors own 38.10% of the company’s stock.
Dell Technologies Price Performance
NYSE:DELL opened at $134.43 on Friday. The stock’s 50-day moving average is $121.89 and its two-hundred day moving average is $126.31. The stock has a market cap of $94.42 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70.
Dell Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued 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 1.32%. Dell Technologies’s dividend payout ratio (DPR) is currently 32.72%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Morgan Stanley upped 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. Wells Fargo & Company lowered their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. UBS Group decreased their target price 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. Finally, Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.63.
Check Out Our Latest Report on Dell Technologies
Insiders Place Their Bets
In other news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction dated 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 transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock valued at $2,113,353,236 over the last 90 days. 46.70% of the stock is currently owned by company insiders.
Dell Technologies 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).
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