Hartford Investment Management Co. Takes Position in Dell Technologies Inc. (NYSE:DELL)

Hartford Investment Management Co. acquired a new position in Dell Technologies Inc. (NYSE:DELL) during the 3rd quarter, Holdings Channel reports. The fund acquired 18,129 shares of the technology company’s stock, valued at approximately $2,149,000.

Other large investors have also recently added to or reduced their stakes in the company. Clean Yield Group purchased a new position in Dell Technologies during the third quarter worth $25,000. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies during the second quarter valued at $28,000. New Covenant Trust Company N.A. purchased a new stake in Dell Technologies during the 1st quarter worth about $30,000. Nemes Rush Group LLC acquired a new position in Dell Technologies in the 2nd quarter valued at about $33,000. Finally, Crewe Advisors LLC purchased a new position in Dell Technologies in the 2nd quarter valued at about $34,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $120.55 on Friday. The stock has a 50-day simple moving average of $116.30 and a 200-day simple moving average of $125.34. The stock has a market capitalization of $85.51 billion, a P/E ratio of 24.60, a PEG ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the firm earned $1.44 earnings per share. Dell Technologies’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of analyst reports. Evercore ISI reissued an “outperform” rating and issued a $140.00 price objective on shares of Dell Technologies in a research report on Wednesday, August 28th. UBS Group cut their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Raymond James decreased their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. TD Cowen dropped their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Finally, Sanford C. Bernstein decreased their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now owns 23,680 shares in the company, valued at $3,066,560. This represents a 0.00 % decrease in their position. 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 quarter. 46.70% of the stock is owned by corporate insiders.

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).