Collective Family Office LLC Acquires 919 Shares of Dell Technologies Inc. (NYSE:DELL)

Collective Family Office LLC increased its stake in Dell Technologies Inc. (NYSE:DELL) by 37.1% during the third quarter, Holdings Channel.com reports. The firm owned 3,394 shares of the technology company’s stock after purchasing an additional 919 shares during the quarter. Collective Family Office LLC’s holdings in Dell Technologies were worth $402,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies during the 2nd quarter valued at $28,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after acquiring an additional 82 shares during the period. Nemes Rush Group LLC purchased a new stake in shares of Dell Technologies during the second quarter worth about $33,000. Crewe Advisors LLC bought a new stake in Dell Technologies during the 2nd quarter valued at approximately $34,000. Finally, New Covenant Trust Company N.A. purchased a new position in Dell Technologies in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DELL. Evercore ISI reiterated an “outperform” rating and set a $140.00 price objective on shares of Dell Technologies in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 price objective for the company. Bank of America lifted their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Mizuho assumed coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price for the company. Finally, Wells Fargo & Company decreased their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.50.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of Dell Technologies stock in a transaction dated Monday, July 8th. The stock was 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 in the company, valued at $111,456,986.92. The trade was 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 the SEC website. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of Dell Technologies 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 directly owns 770,369 shares of the company’s stock, valued at approximately $111,456,986.92. The trade was 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 the SEC website. Also, CMO Jane Tunnell sold 3,624 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total value of $529,031.52. Following the completion of the sale, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,998,554 shares of company stock valued at $2,264,348,973. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Trading Up 4.1 %

Shares of Dell Technologies stock traded up $4.75 during trading on Friday, hitting $120.42. 8,185,053 shares of the stock traded hands, compared to its average volume of 10,655,406. The stock’s fifty day simple moving average is $110.08 and its 200 day simple moving average is $124.61. The firm has a market cap of $85.41 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 1.25 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.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $24.14 billion. During the same quarter in the previous year, the business posted $1.44 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies Announces Dividend

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 issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.48%. Dell Technologies’s dividend payout ratio is currently 36.33%.

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).