Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Coston McIsaac & Partners

Coston McIsaac & Partners boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 27.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 466 shares of the technology company’s stock after purchasing an additional 100 shares during the quarter. Coston McIsaac & Partners’ holdings in Dell Technologies were worth $55,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Capital World Investors purchased a new position in shares of Dell Technologies in the 1st quarter valued at $835,946,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Dell Technologies by 83.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after purchasing an additional 1,011,512 shares during the last quarter. Bahl & Gaynor Inc. increased its position in shares of Dell Technologies by 159.8% during the first quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock worth $154,396,000 after purchasing an additional 832,144 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Dell Technologies by 303.6% in the 1st quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock valued at $107,173,000 after purchasing an additional 705,167 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Dell Technologies by 103.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock valued at $156,275,000 after purchasing an additional 575,166 shares during the period. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DELL has been the subject of a number of research reports. 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 for the company. Bank of America upped their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Raymond James lowered their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. UBS Group reduced their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Sanford C. Bernstein decreased their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Insider Activity

In related news, CEO Michael S. Dell sold 221,460 shares of the 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 sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the transaction, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock worth $2,113,353,236 over the last 90 days. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Price Performance

Shares of NYSE DELL traded up $1.04 during trading on Wednesday, hitting $121.44. 1,632,923 shares of the company were exchanged, compared to its average volume of 10,324,322. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70. The company has a market cap of $86.14 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.29 and a beta of 0.90. The firm’s fifty day moving average price is $115.97 and its 200 day moving average price is $125.38.

Dell Technologies (NYSE:DELL) last issued 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. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates 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 in the prior year, the business posted $1.44 earnings per share. On average, research analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

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).