Great Lakes Retirement Inc. Acquires 5,247 Shares of Dell Technologies Inc. (NYSE:DELL)

Great Lakes Retirement Inc. lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 37.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,178 shares of the technology company’s stock after buying an additional 5,247 shares during the period. Great Lakes Retirement Inc.’s holdings in Dell Technologies were worth $2,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DELL. Capital World Investors purchased a new position in Dell Technologies in the 1st quarter worth approximately $835,946,000. International Assets Investment Management LLC increased its stake in shares of Dell Technologies by 19,376.1% in 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 buying an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Dell Technologies by 2.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after buying an additional 51,804 shares during the last quarter. Bahl & Gaynor Inc. boosted its position in Dell Technologies by 4.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock valued at $194,289,000 after buying an additional 55,763 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Dell Technologies by 103.1% in the second 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 acquiring an additional 575,166 shares during the period. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Down 0.8 %

DELL stock opened at $119.48 on Thursday. The business has a 50 day moving average of $116.30 and a 200 day moving average of $125.34. The firm has a market cap of $84.75 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the firm earned $1.44 EPS. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.49%. Dell Technologies’s payout ratio is currently 36.33%.

Insider Activity at Dell Technologies

In other news, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. 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 available through this link. In other news, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the sale, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DELL shares. Wells Fargo & Company dropped their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Bank of America lifted their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Mizuho initiated coverage on Dell Technologies in a report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price for the company. Sanford C. Bernstein cut their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Finally, Susquehanna started coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective for the company. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus 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).