Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in Dell Technologies Inc. (NYSE:DELL) by 10.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,546 shares of the technology company’s stock after acquiring an additional 2,340 shares during the quarter. Toronto Dominion Bank’s holdings in Dell Technologies were worth $3,523,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV increased its position in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after buying an additional 82 shares during the period. Accordant Advisory Group Inc bought a new stake in Dell Technologies in the second quarter valued at $28,000. New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies during the first quarter valued at $30,000. Finally, Central Bank & Trust Co. bought a new position in shares of Dell Technologies during the first quarter worth about $34,000. 38.10% of the stock is currently owned by institutional investors.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 1,166,595 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $117.42, for a total transaction of $136,981,584.90. Following the completion of the sale, the chief executive officer now directly owns 26,912,241 shares of the company’s stock, valued at approximately $3,160,035,338.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael S. Dell sold 1,166,595 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $117.42, for a total value of $136,981,584.90. Following the transaction, the chief executive officer now owns 26,912,241 shares in the company, valued at $3,160,035,338.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the business’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 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 $1,957,665,690.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,007,047 shares of company stock valued at $1,041,595,745. 46.70% of the stock is owned by insiders.

Analysts Set New Price Targets

DELL has been the subject of a number of analyst reports. Evercore ISI reissued an “outperform” rating and set a $140.00 target price on shares of Dell Technologies in a research note on Wednesday, August 28th. Wells Fargo & Company reduced their price objective on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. TD Cowen lowered their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft initiated coverage on Dell Technologies in a research note on Friday. They issued a “buy” rating and a $144.00 price target for the company. Finally, Barclays upped their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the stock 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Trading Down 5.0 %

Shares of DELL stock opened at $120.22 on Monday. The stock’s fifty day simple moving average is $110.38 and its 200-day simple moving average is $124.53. The company has a market capitalization of $85.27 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 1.25 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 issued its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for 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%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 EPS. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 36.33%.

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).