Interchange Capital Partners LLC Has $343,000 Holdings in Dell Technologies Inc. (NYSE:DELL)

Interchange Capital Partners LLC trimmed its position in shares of Dell Technologies Inc. (NYSE:DELL) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,890 shares of the technology company’s stock after selling 159 shares during the quarter. Interchange Capital Partners LLC’s holdings in Dell Technologies were worth $343,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Capital World Investors acquired a new stake in shares of Dell Technologies during the first quarter valued at about $835,946,000. International Assets Investment Management LLC raised its position in shares of Dell Technologies by 19,376.1% during the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after acquiring an additional 2,415,234 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Dell Technologies by 2.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock worth $319,771,000 after acquiring an additional 51,804 shares during the last quarter. Bahl & Gaynor Inc. raised its position in shares of Dell Technologies by 4.1% during the second quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock worth $194,289,000 after acquiring an additional 55,763 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Dell Technologies by 103.1% during the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after acquiring an additional 575,166 shares during the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Up 5.9 %

NYSE DELL opened at $130.88 on Friday. The company has a market cap of $91.93 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.36 and a beta of 0.90. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70. The business has a 50 day moving average price of $118.15 and a 200-day moving average price of $125.41.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during 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 company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 earnings per share. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.36%. Dell Technologies’s payout ratio is 32.72%.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael S. Dell sold 1,602,535 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $107.42, for a total value of $172,144,309.70. Following the completion of the transaction, the chief executive officer now directly owns 15,412,241 shares in the company, valued at approximately $1,655,582,928.22. 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 valued at $2,113,353,236 over the last 90 days. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of analyst reports. UBS Group lowered their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Citigroup raised their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Sanford C. Bernstein lowered their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Raymond James lowered their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a report on Wednesday, August 28th. 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, Dell Technologies presently has an average 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).