V Square Quantitative Management LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

V Square Quantitative Management LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,133 shares of the technology company’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds have 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 second quarter valued at approximately $28,000. Clean Yield Group bought a new stake in Dell Technologies in the 3rd quarter valued at $25,000. Massmutual Trust Co. FSB ADV boosted its stake in Dell Technologies by 58.2% in the 1st 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 during the period. Nemes Rush Group LLC bought a new position in Dell Technologies during the 2nd quarter worth about $33,000. Finally, Crewe Advisors LLC bought a new stake in shares of Dell Technologies in the second quarter valued at about $34,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the stock in a transaction on Friday, September 20th. The stock was 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 in the company, valued at $8,593,017.27. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction on 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 sale, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock worth $2,113,353,236 in the last ninety days. 46.70% of the stock is owned by company insiders.

Dell Technologies Trading Down 2.1 %

DELL opened at $126.46 on Monday. The stock’s fifty day simple moving average is $114.96 and its 200 day simple moving average is $125.48. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70. The stock 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 (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 EPS. Equities analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be paid 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 dividend yield of 1.41%. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DELL shares. Evercore ISI reissued an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a research report on Wednesday, August 28th. Wells Fargo & Company lowered their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. TD Cowen reduced their target price 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. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Finally, Barclays raised their price objective on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Company 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).