Payden & Rygel Purchases 14,300 Shares of Dell Technologies Inc. (NYSE:DELL)

Payden & Rygel raised its position in shares of Dell Technologies Inc. (NYSE:DELL) by 15.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,500 shares of the technology company’s stock after acquiring an additional 14,300 shares during the period. Payden & Rygel’s holdings in Dell Technologies were worth $12,625,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DELL. GPS Wealth Strategies Group LLC lifted its stake in shares of Dell Technologies by 1.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock valued at $822,000 after buying an additional 80 shares during the period. Intrepid Financial Planning Group LLC grew its holdings in shares of Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after purchasing an additional 80 shares in the last quarter. Graypoint LLC increased its position in shares of Dell Technologies by 4.3% during the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after purchasing an additional 86 shares during the period. Affinity Wealth Management LLC raised its stake in shares of Dell Technologies by 2.5% in the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock valued at $422,000 after purchasing an additional 87 shares in the last quarter. Finally, ASB Consultores LLC lifted its position in Dell Technologies by 4.6% in the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock worth $236,000 after purchasing an additional 87 shares during the period. 38.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DELL. Barclays increased their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. TD Cowen cut 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 note on Friday, August 30th. Mizuho initiated coverage on Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price objective on the stock. Sanford C. Bernstein decreased their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $146.50.

Dell Technologies Stock Performance

Shares of DELL opened at $133.93 on Thursday. The firm has a market cap of $94.07 billion, a P/E ratio of 24.62, a PEG ratio of 1.39 and a beta of 0.89. Dell Technologies Inc. has a twelve month low of $67.51 and a twelve month high of $179.70. The firm’s 50 day moving average price is $124.71 and its two-hundred day moving average price is $126.67.

Dell Technologies (NYSE:DELL) last posted 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. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same period in the previous year, the firm posted $1.44 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is presently 32.72%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of 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 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,954,112 shares of company stock worth $2,113,449,139. Corporate insiders own 46.70% of the company’s stock.

About Dell Technologies

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).