Private Wealth Partners LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Private Wealth Partners LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) during the 3rd quarter, HoldingsChannel reports. The firm bought 5,470 shares of the technology company’s stock, valued at approximately $648,000.

Several other institutional investors have also modified their holdings of DELL. Accordant Advisory Group Inc acquired a new position in Dell Technologies during the second quarter worth about $28,000. Clean Yield Group acquired a new position in Dell Technologies during the third quarter worth about $25,000. Nemes Rush Group LLC acquired a new position in Dell Technologies during the second quarter worth about $33,000. Crewe Advisors LLC acquired a new position in Dell Technologies during the second quarter worth about $34,000. Finally, New Covenant Trust Company N.A. purchased a new position in Dell Technologies during the first quarter worth about $30,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s 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 completion of the transaction, the director now owns 23,680 shares in the company, valued at $3,066,560. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock worth $2,113,353,236 in the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Up 5.9 %

Shares of DELL opened at $130.87 on Friday. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The firm’s 50 day moving average price is $118.15 and its 200 day moving average price is $125.44. The company has a market cap of $91.92 billion, a P/E ratio of 24.06, a PEG ratio of 1.30 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share 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 firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the prior year, the firm earned $1.44 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Research analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on DELL shares. Sanford C. Bernstein reduced their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a research note on Friday, September 27th. They set a “buy” rating and a $144.00 target price on the stock. Mizuho started coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price on the stock. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Finally, Susquehanna initiated coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price on the stock. Three 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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).