Morse Asset Management Inc Purchases Shares of 7,577 Dell Technologies Inc. (NYSE:DELL)

Morse Asset Management Inc acquired a new stake in Dell Technologies Inc. (NYSE:DELL) during the second quarter, Holdings Channel.com reports. The fund acquired 7,577 shares of the technology company’s stock, valued at approximately $1,045,000.

A number of other hedge funds have also recently made changes to their positions in DELL. Capital World Investors bought a new position in Dell Technologies in the 1st quarter valued at about $835,946,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Dell Technologies by 449.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after purchasing an additional 3,038,891 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Dell Technologies by 83.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after buying an additional 1,011,512 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in Dell Technologies by 2,466.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock worth $67,810,000 after buying an additional 851,867 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its position in Dell Technologies by 159.8% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock valued at $154,396,000 after buying an additional 832,144 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $144.68, for a total value of $144,680,000.00. Following the transaction, the director now owns 770,369 shares of the company’s stock, valued at $111,456,986.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction on Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,297,857 shares of company stock worth $840,653,193. 46.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DELL has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Raymond James reduced their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Barclays upped their target price on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, Sanford C. Bernstein cut their price objective 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 given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $139.19.

Dell Technologies Stock Down 0.2 %

NYSE DELL opened at $117.50 on Monday. The company has a market cap of $83.34 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a 52 week low of $63.90 and a 52 week high of $179.70. The firm’s 50-day simple moving average is $111.30 and its two-hundred day simple moving average is $124.35.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same period in the prior year, the company posted $1.44 EPS. Dell Technologies’s revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

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).