Dell Technologies Inc. (NYSE:DELL) Shares Purchased by SpiderRock Advisors LLC

SpiderRock Advisors LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 50.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,257 shares of the technology company’s stock after acquiring an additional 9,501 shares during the quarter. SpiderRock Advisors LLC’s holdings in Dell Technologies were worth $3,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC acquired a new position in Dell Technologies in the 3rd quarter worth $214,000. Equitable Trust Co. boosted its holdings in Dell Technologies by 3.1% in the third quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock valued at $349,000 after purchasing an additional 88 shares during the last quarter. Easterly Investment Partners LLC acquired a new stake in Dell Technologies during the 3rd quarter valued at approximately $1,067,000. Hollencrest Capital Management increased its holdings in Dell Technologies by 811.9% during the 3rd quarter. Hollencrest Capital Management now owns 611 shares of the technology company’s stock worth $72,000 after purchasing an additional 544 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Dell Technologies during the 3rd quarter valued at approximately $151,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DELL shares. Bank of America boosted their price objective on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Citigroup lifted their target price on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Mizuho began coverage on Dell Technologies in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price on the stock. Raymond James reduced their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Finally, Sanford C. Bernstein lowered their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Stock Up 0.6 %

NYSE:DELL traded up $0.85 during trading hours on Monday, reaching $131.72. 5,958,177 shares of the company’s stock were exchanged, compared to its average volume of 10,223,262. The company has a market capitalization of $92.52 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 1.30 and a beta of 0.89. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70. The business’s 50-day simple moving average is $118.15 and its two-hundred day simple moving average is $125.48.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company 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%. Dell Technologies’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 earnings per share. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.35%. Dell Technologies’s dividend payout ratio is currently 32.72%.

Insider Buying and Selling

In other news, insider William F. Scannell sold 42,595 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider William F. Scannell sold 42,595 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at $8,593,017.27. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’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 transaction of $93,887.50. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. Company insiders own 46.70% of the company’s stock.

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).