EverSource Wealth Advisors LLC Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

EverSource Wealth Advisors LLC grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 97.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 428 shares of the technology company’s stock after acquiring an additional 211 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Dell Technologies were worth $59,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Accordant Advisory Group Inc acquired a new stake in Dell Technologies during the 2nd quarter worth approximately $28,000. Massmutual Trust Co. FSB ADV grew 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 buying an additional 82 shares during the period. Crewe Advisors LLC purchased a new position in shares of Dell Technologies in the 2nd quarter valued at $34,000. New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies during the 1st quarter valued at $30,000. Finally, Carolinas Wealth Consulting LLC boosted its position 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 purchasing an additional 260 shares during the period. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group reduced their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Susquehanna assumed coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective for the company. Sanford C. Bernstein reduced their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Barclays lifted 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. Finally, Morgan Stanley decreased their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 1,166,595 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $117.42, for a total value of $136,981,584.90. Following the transaction, the chief executive officer now owns 26,912,241 shares of the company’s stock, valued at approximately $3,160,035,338.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,007,047 shares of company stock worth $1,041,595,745. 46.70% of the stock is owned by insiders.

Dell Technologies Price Performance

DELL stock opened at $120.22 on Friday. The firm has a market cap of $85.27 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70. The firm has a fifty day moving average price of $110.49 and a two-hundred day moving average price of $124.32.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share 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 business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

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