Vest Financial LLC Acquires 6,432 Shares of Dell Technologies Inc. (NYSE:DELL)

Vest Financial LLC raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 71.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 15,476 shares of the technology company’s stock after buying an additional 6,432 shares during the period. Vest Financial LLC’s holdings in Dell Technologies were worth $1,835,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DELL. OLD National Bancorp IN grew its stake in shares of Dell Technologies by 19.2% in the third quarter. OLD National Bancorp IN now owns 2,163 shares of the technology company’s stock valued at $256,000 after buying an additional 348 shares in the last quarter. Cyndeo Wealth Partners LLC grew its stake in shares of Dell Technologies by 10.6% in the third quarter. Cyndeo Wealth Partners LLC now owns 4,626 shares of the technology company’s stock valued at $548,000 after buying an additional 443 shares in the last quarter. Chicago Capital LLC grew its stake in shares of Dell Technologies by 3.7% in the third quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock valued at $14,399,000 after buying an additional 4,385 shares in the last quarter. Raymond James & Associates grew its stake in shares of Dell Technologies by 21.4% in the third quarter. Raymond James & Associates now owns 586,858 shares of the technology company’s stock valued at $69,566,000 after buying an additional 103,296 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Dell Technologies by 132.1% in the third quarter. Blue Trust Inc. now owns 1,409 shares of the technology company’s stock valued at $167,000 after buying an additional 802 shares in the last quarter. 38.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DELL shares. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Mizuho initiated coverage on Dell Technologies in a report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target for the company. JPMorgan Chase & Co. raised their price target on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Morgan Stanley cut their price target on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Finally, Susquehanna initiated coverage on Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Three 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 company has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Stock Down 2.1 %

DELL stock opened at $126.46 on Monday. The company 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. The business has a 50-day simple moving average of $114.96 and a 200 day simple moving average of $125.48. 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 analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 earnings per share. On average, analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors 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 1.41%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now owns 23,680 shares in the company, valued at $3,066,560. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now owns 23,680 shares in the company, valued at $3,066,560. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the sale, the chief executive officer now owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock worth $2,113,353,236 over the last 90 days. Insiders own 46.70% of the company’s stock.

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).