Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC increased its stake in Dell Technologies Inc. (NYSE:DELL) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,440 shares of the technology company’s stock after acquiring an additional 1,142 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Dell Technologies were worth $3,845,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies in the 2nd quarter valued at about $28,000. Clean Yield Group purchased a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $25,000. Nemes Rush Group LLC purchased a new stake in shares of Dell Technologies during the 2nd quarter worth $33,000. Crewe Advisors LLC purchased a new position in Dell Technologies in the second quarter valued at $34,000. Finally, New Covenant Trust Company N.A. purchased a new position in Dell Technologies in the first quarter valued at $30,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DELL shares. Sanford C. Bernstein lowered their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Citigroup raised their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Bank of America upped their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Barclays boosted their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Finally, Morgan Stanley raised their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $146.50.

Insider Buying and Selling at Dell Technologies

In other news, CEO Michael S. Dell sold 221,460 shares of the firm’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 transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,954,112 shares of company stock valued at $2,113,449,139. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Up 3.5 %

NYSE DELL opened at $138.69 on Friday. The stock has a market capitalization of $97.41 billion, a P/E ratio of 25.49, a P/E/G ratio of 1.43 and a beta of 0.89. 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 $125.25 and a 200 day moving average price of $126.76.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating 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 business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same period last year, the firm earned $1.44 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business 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 annualized dividend and a yield of 1.28%. Dell Technologies’s payout ratio is currently 32.72%.

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).