Good Life Advisors LLC Buys Shares of 1,737 Dell Technologies Inc. (NYSE:DELL)

Good Life Advisors LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,737 shares of the technology company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DELL. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the last quarter. Clean Yield Group purchased a new position in Dell Technologies during the third quarter valued at approximately $25,000. Accordant Advisory Group Inc purchased a new position in Dell Technologies during the second quarter valued at approximately $28,000. New Covenant Trust Company N.A. acquired a new stake in Dell Technologies in the first quarter valued at approximately $30,000. Finally, Nemes Rush Group LLC acquired a new stake in Dell Technologies in the second quarter valued at approximately $33,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DELL. UBS Group lowered their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. TD Cowen cut their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Bank of America boosted their target price 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. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 price target on the stock. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Trading Down 2.1 %

Shares of NYSE:DELL opened at $126.46 on Monday. The company has a fifty day simple moving average of $114.96 and a 200 day simple moving average of $125.48. The firm has a market cap of $89.70 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (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 company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s payout ratio is 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the transaction, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the 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 transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is owned by insiders.

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).