Fiduciary Trust Co Buys 22,443 Shares of Dell Technologies Inc. (NYSE:DELL)

Fiduciary Trust Co grew its stake in Dell Technologies Inc. (NYSE:DELL) by 257.8% during the third quarter, Holdings Channel reports. The firm owned 31,148 shares of the technology company’s stock after purchasing an additional 22,443 shares during the period. Fiduciary Trust Co’s holdings in Dell Technologies were worth $3,692,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Tidal Investments LLC lifted its holdings in Dell Technologies by 114.2% during the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after acquiring an additional 5,432 shares during the period. Comerica Bank lifted its holdings in Dell Technologies by 48.4% during the first quarter. Comerica Bank now owns 28,556 shares of the technology company’s stock worth $3,259,000 after acquiring an additional 9,307 shares during the period. iA Global Asset Management Inc. lifted its holdings in Dell Technologies by 2.1% during the first quarter. iA Global Asset Management Inc. now owns 7,228 shares of the technology company’s stock worth $825,000 after acquiring an additional 147 shares during the period. Swedbank AB bought a new stake in Dell Technologies during the first quarter worth $28,459,000. Finally, Atria Investments Inc lifted its holdings in Dell Technologies by 13.9% during the first quarter. Atria Investments Inc now owns 37,522 shares of the technology company’s stock worth $4,282,000 after acquiring an additional 4,583 shares during the period. Institutional investors own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lifted their price target on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday. Citigroup decreased their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday. Evercore ISI reissued an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Wells Fargo & Company raised their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Raymond James reduced their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.18.

Dell Technologies Stock Performance

DELL stock opened at $124.38 on Friday. The company has a market capitalization of $87.36 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89. The business’s 50 day moving average price is $127.21 and its two-hundred day moving average price is $126.94. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 EPS. Sell-side analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given 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 1.43%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insider Activity at Dell Technologies

In other news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This represents a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William F. Scannell sold 42,595 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following 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 disclosure for this sale can be found here. In the last three months, insiders have sold 17,962,112 shares of company stock valued at $2,114,595,059. 46.70% of the stock is owned by corporate insiders.

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).