[ad_1]
Duality Advisers LP purchased a new position in Dell Technologies Inc. (NYSE: DELL – Get Rating) in the third quarter, according to the latest Form 13F filed with the Securities and Exchange Commission. The company purchased 128,324 shares of technology company stock worth approximately $4,385,000.
Other hedge funds have also recently changed positions in the company. Ellevest Inc. increased his stake in Dell Technologies by 156.2% in the third quarter. Ellevest Inc. now owns 802 shares of the tech company worth $27,000 after purchasing an additional 489 shares of him during this period. Brown Brothers Harriman & Co. bought a new stake in Dell Technologies for his $27,000 in the first quarter. Centerpoint Advisors LLC increased its stake in Dell Technologies stock by 307.5% in the second quarter. Centerpoint Advisors LLC now owns 599 shares of the technology company worth $28,000 after acquiring an additional 452 shares during the previous quarter. Riverview Trust Co increased its stake in Dell Technologies by 166.1% in the third quarter. Riverview Trust Co now owns 809 shares of the technology company worth $28,000 after purchasing an additional 505 shares last quarter. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in Dell Technologies in the third quarter worth approximately $31,000. 26.42% of the shares are owned by hedge funds and other institutional investors.
insider trading
In other Dell Technologies news, insider William F. Scannell sold 91,938 shares of the company in a deal on Wednesday, December 14th. The shares were sold at an average price of $42.62, giving him a total of $3,918,397.56. Following the closing of the sale, insiders now own 178,627 shares of the Company’s stock valued at $7,613,082.74. The sale is disclosed in legal documents to the SEC, which can be accessed on his website. His 47.30% of shares are owned by corporate insiders.
Analyst Rating Change
DELL has been the subject of several recent analyst reports. Sanford C. Bernstein lowered Dell Technologies’ target price from his $72.00 to his $60.00 in a research note on Monday, January 9. Wells Fargo & Company lowered its price target on Dell Technologies stock from $58.00 to $52.00 and gave the stock an “overweight” rating in its research notes on Tuesday, November 22nd. Evercore ISI lowered its target price for Dell Technologies from $50.00 to $48.00 in its report on Tuesday, November 22nd. Morgan Stanley lowered its price target for Dell Technologies stock to $45.00 from his $54.00 in a research report on Monday, Oct. 17, giving the stock an “equal-weighted” rating. Finally, Deutsche Bank Aktiengesellschaft lowered its price target for Dell Technologies from $55.00 to $48.00 in a research note on Tuesday, November 22nd. Seven investment analysts rated the stock with a hold rating and nine issued buy ratings for the company. According to MarketBeat.com data, Dell Technologies currently has an average rating of “Moderate Buy” with an average price target of $49.63.
Dell Technologies deals down 1.4 percent
NYSE DELL shares opened Friday at $39.46. Dell Technologies Inc. has a 12-month low of $32.90 and a 12-month high of $61.54. The company has a 50-day moving average price of $41.47 and a 200-day moving average price of $40.81. The stock has a market cap of $28.26 billion, a price/earnings ratio of 16.58, a P/E/G ratio of 0.52 and a beta of 0.98.
Dell Technologies (NYSE:DELL – Get Rating) last announced its quarterly earnings data on Monday, November 21. The tech company posted his earnings per share (EPS) of $2.01 for the quarter, beating consensus expectations of $1.32 by $0.69. The business earned $24.72 million in the quarter, compared with analyst estimates of $24.61 billion. Dell Technologies had a return on equity of 208.47% and a net profit margin of 1.74%. The company’s quarterly revenue fell 6.4% year-on-year. At the same time last year, the company earned his EPS of $2.37. On average, equity analysts expect Dell Technologies Inc. to post his 6.46 EPS in the current financial year.
Dell Technologies Announces Dividend
The company also recently announced a quarterly dividend payable on Friday, February 3rd. Shareholders of record on Wednesday, January 25 will be paid a dividend of $0.33. This represents his $1.32 dividend and his 3.35% dividend yield on an annualized basis. The ex-dividend date is Tuesday, January 24. Dell Technologies’ current dividend payout ratio is 55.46%.
About Dell Technologies
(get rating)
Dell Technologies Inc designs, develops, manufactures, markets, sells and supports a variety of comprehensive and integrated solutions, products and services throughout the Americas, Europe, Middle East, Asia and internationally. The company operates in his two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).
read more
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.
Hear this before you consider Dell Technologies.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and Dell Technologies is not on the list. bottom.
Dell Technologies currently holds a ‘moderate buy’ rating among analysts, but the top rated analysts believe these five stocks are better buys.
See 5 stocks here
[ad_2]
Source link
