Northwest & Ethical Investments L.P. Raises Stake in Dell Technologies Inc. (NYSE:DELL)

Northwest & Ethical Investments L.P. raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 23.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,961 shares of the technology company’s stock after acquiring an additional 4,665 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Dell Technologies were worth $2,959,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service raised its holdings in shares of Dell Technologies by 8.8% in the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after acquiring an additional 50,304 shares in the last quarter. Woodmont Investment Counsel LLC purchased a new stake in shares of Dell Technologies in the 3rd quarter valued at about $5,780,000. Harvey Capital Management Inc. bought a new position in shares of Dell Technologies during the 3rd quarter valued at about $2,848,000. Chicago Capital LLC increased its position in shares of Dell Technologies by 3.7% during the 3rd quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock valued at $14,399,000 after purchasing an additional 4,385 shares during the last quarter. Finally, Tidal Investments LLC increased its position in shares of Dell Technologies by 114.2% during the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after purchasing an additional 5,432 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Up 2.6 %

NYSE DELL opened at $127.59 on Friday. Dell Technologies Inc. has a twelve month low of $67.51 and a twelve month high of $179.70. The firm has a market capitalization of $89.62 billion, a PE ratio of 22.54, a P/E/G ratio of 1.31 and a beta of 0.89. The stock’s 50 day moving average is $127.41 and its 200 day moving average is $126.91.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same period in the previous year, the company posted $1.62 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. On average, research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors 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 dividend yield of 1.40%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insiders Place Their Bets

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Dell sold 221,460 shares of the business’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 $2,060,873,016.67. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 currently owned by corporate insiders.

Analyst Ratings Changes

DELL has been the topic of several recent research reports. Morgan Stanley increased their price objective on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. TD Cowen reduced their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Evercore ISI restated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Melius Research raised their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Susquehanna began coverage on Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $148.18.

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).