Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. raised its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 17.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 229,374 shares of the technology company’s stock after purchasing an additional 34,643 shares during the quarter. Dell Technologies accounts for about 1.1% of Dana Investment Advisors Inc.’s investment portfolio, making the stock its 9th biggest position. Dana Investment Advisors Inc.’s holdings in Dell Technologies were worth $31,633,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. GPS Wealth Strategies Group LLC grew its position in Dell Technologies by 1.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after buying an additional 80 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of 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 acquiring an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC grew its holdings in shares of Dell Technologies by 0.9% during the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after purchasing an additional 98 shares in the last quarter. Kathmere Capital Management LLC increased its position in shares of Dell Technologies by 2.2% during the second quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock valued at $635,000 after purchasing an additional 100 shares during the period. Finally, Front Row Advisors LLC raised its stake in shares of Dell Technologies by 35.8% in the second quarter. Front Row Advisors LLC now owns 391 shares of the technology company’s stock valued at $54,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock opened at $118.55 on Tuesday. The stock’s fifty day moving average is $110.17 and its 200-day moving average is $124.61. 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 $84.09 billion, a PE ratio of 24.19, a PEG ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating 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 firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter last year, the company posted $1.44 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts forecast that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders 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 yield of 1.50%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is 36.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DELL shares. Bank of America lifted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Morgan Stanley decreased their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. TD Cowen dropped their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Evercore ISI reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Dell Technologies in a report on Wednesday, August 28th. Finally, Susquehanna started coverage on Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price for the company. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Insiders Place Their Bets

In other news, insider William F. Scannell sold 42,595 shares of the business’s 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 completion of the sale, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the sale, the director now directly owns 731,612 shares of the company’s stock, valued at $107,400,641.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,007,047 shares of company stock valued at $2,265,595,745. 46.70% of the stock is currently 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).