Empirical Capital Management LLC Takes $276,000 Position in Dell Technologies Inc. (NYSE:DELL)

Empirical Capital Management LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, Holdings Channel reports. The firm acquired 2,000 shares of the technology company’s stock, valued at approximately $276,000. Dell Technologies comprises 0.2% of Empirical Capital Management LLC’s investment portfolio, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DELL. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies in the 2nd quarter worth approximately $28,000. Massmutual Trust Co. FSB ADV lifted its stake in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at $34,000. New Covenant Trust Company N.A. purchased a new stake in shares of Dell Technologies in the 1st quarter valued at $30,000. Finally, Carolinas Wealth Consulting LLC lifted its stake in Dell Technologies by 1,130.4% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 283 shares of the technology company’s stock worth $39,000 after acquiring an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Trading Down 5.0 %

DELL stock opened at $120.22 on Friday. The company’s 50 day moving average is $110.38 and its two-hundred day moving average is $124.35. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70. The stock has a market cap of $85.27 billion, a P/E ratio of 24.53, a PEG ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping 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 company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter last year, the company posted $1.44 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DELL shares. Barclays boosted their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of Dell Technologies in a report on Friday. They set a “buy” rating and a $144.00 target price on the stock. Bank of America boosted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Sanford C. Bernstein reduced their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Raymond James cut their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Insider Activity

In related news, CEO Michael S. Dell sold 1,839,959 shares of the business’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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CMO Jane Tunnell sold 3,624 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction of $529,031.52. Following the completion of the transaction, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,007,047 shares of company stock valued at $1,041,595,745. 46.70% of the stock is currently owned by company 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).