Sheaff Brock Investment Advisors LLC Has $9.19 Million Stake in Dell Technologies Inc. (NYSE:DELL)

Sheaff Brock Investment Advisors LLC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 968.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,503 shares of the technology company’s stock after purchasing an additional 70,246 shares during the quarter. Dell Technologies makes up approximately 0.8% of Sheaff Brock Investment Advisors LLC’s portfolio, making the stock its 28th largest position. Sheaff Brock Investment Advisors LLC’s holdings in Dell Technologies were worth $9,187,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Clean Yield Group acquired a new stake in shares of Dell Technologies during the 3rd quarter valued at about $25,000. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies during the 2nd quarter worth about $28,000. New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies during the 1st quarter worth $30,000. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at about $33,000. Finally, Crewe Advisors LLC bought a new position in shares of Dell Technologies in the second quarter worth about $34,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on DELL shares. Raymond James lowered their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Susquehanna initiated coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price on the stock. Morgan Stanley raised their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays increased their target price 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. Finally, Citigroup boosted their price target on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.63.

Dell Technologies Trading Down 1.4 %

DELL opened at $132.60 on Friday. Dell Technologies Inc. has a 1-year low of $67.51 and a 1-year high of $179.70. The firm has a 50-day moving average price of $121.89 and a two-hundred day moving average price of $126.31. The stock has a market capitalization of $93.14 billion, a PE ratio of 24.71, a PEG ratio of 1.42 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $24.14 billion. During the same period last year, the company earned $1.44 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.34%. Dell Technologies’s dividend payout ratio is currently 32.72%.

Insider Buying and Selling at Dell Technologies

In related news, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. This represents a 9.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies 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 directly owns 23,680 shares in the company, valued at approximately $3,066,560. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by company insiders.

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).