Centaurus Financial Inc. Purchases 4,247 Shares of Dell Technologies Inc. (NYSE:DELL)

Centaurus Financial Inc. grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 223.4% in the third quarter, Holdings Channel reports. The fund owned 6,148 shares of the technology company’s stock after buying an additional 4,247 shares during the quarter. Centaurus Financial Inc.’s holdings in Dell Technologies were worth $729,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DELL. Cerity Partners LLC grew its stake in shares of Dell Technologies by 159.2% in the 3rd quarter. Cerity Partners LLC now owns 42,476 shares of the technology company’s stock worth $5,035,000 after buying an additional 26,086 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in Dell Technologies by 16.8% in the third quarter. Great Valley Advisor Group Inc. now owns 6,538 shares of the technology company’s stock worth $775,000 after acquiring an additional 942 shares in the last quarter. Waddell & Associates LLC increased its stake in Dell Technologies by 13.7% during the third quarter. Waddell & Associates LLC now owns 4,164 shares of the technology company’s stock worth $494,000 after acquiring an additional 502 shares during the last quarter. Camden National Bank lifted its stake in shares of Dell Technologies by 11.1% in the 3rd quarter. Camden National Bank now owns 1,726 shares of the technology company’s stock valued at $205,000 after purchasing an additional 172 shares during the last quarter. Finally, GM Advisory Group LLC bought a new position in shares of Dell Technologies during the 3rd quarter valued at approximately $364,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Down 0.0 %

Shares of NYSE:DELL opened at $144.16 on Tuesday. The company has a market capitalization of $101.26 billion, a PE ratio of 26.50, a P/E/G ratio of 1.52 and a beta of 0.89. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70. The business’s fifty day simple moving average is $126.42 and its 200-day simple moving average is $126.91.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the previous year, the company posted $1.44 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Research analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s payout ratio is presently 32.72%.

Wall Street Analyst Weigh In

Several research firms have commented on DELL. TD Cowen dropped their price objective 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. Citigroup increased their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Sanford C. Bernstein cut their target price 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. Evercore ISI restated an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, UBS Group reduced their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $146.50.

Insider Activity

In related news, 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 value of $93,887.50. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Dell sold 221,460 shares of the company’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 owns 20,190,781 shares in the company, 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 sold 17,954,112 shares of company stock worth $2,113,449,139. Insiders own 46.70% of the company’s stock.

Dell Technologies 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).