Los Angeles Capital Management LLC Buys New Shares in Dell Technologies Inc. (NYSE:DELL)

Los Angeles Capital Management LLC bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,235 shares of the technology company’s stock, valued at approximately $383,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DELL. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies in the 2nd quarter valued at approximately $28,000. Clean Yield Group purchased a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $25,000. Nemes Rush Group LLC acquired a new position in Dell Technologies in the 2nd quarter valued at approximately $33,000. Crewe Advisors LLC acquired a new position in Dell Technologies in the 2nd quarter valued at approximately $34,000. Finally, New Covenant Trust Company N.A. acquired a new position in Dell Technologies in the 1st quarter valued at approximately $30,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $131.64 on Monday. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The firm has a fifty day moving average price of $123.03 and a two-hundred day moving average price of $126.46. The company has a market cap of $92.46 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last released 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 company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. Analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DELL. Susquehanna began 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 on the stock. Morgan Stanley upped their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Citigroup upped their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. UBS Group dropped their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a research note on Friday, September 27th. They set a “buy” rating and a $144.00 price target on the stock. Three investment 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, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $144.63.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $3,066,560. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William F. Scannell sold 42,595 shares of the stock in a transaction dated 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 sale, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. This trade represents a 36.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. Company insiders own 46.70% of the company’s stock.

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).