Raymond James & Associates Has $69.57 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Raymond James & Associates lifted its position in Dell Technologies Inc. (NYSE:DELL) by 21.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 586,858 shares of the technology company’s stock after purchasing an additional 103,296 shares during the period. Raymond James & Associates’ holdings in Dell Technologies were worth $69,566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Fisher Asset Management LLC boosted its stake in Dell Technologies by 2,518.7% during the 4th quarter. Fisher Asset Management LLC now owns 2,802 shares of the technology company’s stock valued at $214,000 after purchasing an additional 2,695 shares during the period. Mather Group LLC. acquired a new stake in shares of Dell Technologies in the first quarter worth $44,000. West Paces Advisors Inc. increased its position in Dell Technologies by 2,135.7% during the first quarter. West Paces Advisors Inc. now owns 3,443 shares of the technology company’s stock worth $393,000 after acquiring an additional 3,289 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in Dell Technologies during the 1st quarter valued at $763,000. Finally, Lpwm LLC acquired a new stake in Dell Technologies in the 1st quarter worth $394,000. 38.10% of the stock is owned by institutional investors.

Insider Transactions at Dell Technologies

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

Dell Technologies Stock Performance

Shares of DELL stock opened at $125.67 on Tuesday. Dell Technologies Inc. has a 52 week low of $63.90 and a 52 week high of $179.70. The stock has a market capitalization of $89.14 billion, a PE ratio of 25.65, a PEG ratio of 1.29 and a beta of 0.90. The stock’s fifty day moving average is $115.56 and its 200-day moving average is $125.47.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 EPS. As a group, analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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 $0.445 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.42%. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore ISI restated an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a research note on Wednesday, August 28th. Citigroup boosted their price objective on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 30th. TD Cowen reduced their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Susquehanna assumed coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective for the company. Finally, Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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).