Dell Technologies Inc. (NYSE:DELL) Stock Position Increased by Greenleaf Trust

Greenleaf Trust boosted its position in Dell Technologies Inc. (NYSE:DELL) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,220 shares of the technology company’s stock after purchasing an additional 244 shares during the quarter. Greenleaf Trust’s holdings in Dell Technologies were worth $1,093,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DELL. Clean Yield Group bought a new stake in Dell Technologies in 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 about $30,000. Nemes Rush Group LLC bought a new stake in shares of Dell Technologies during the 2nd quarter worth about $33,000. Finally, Crewe Advisors LLC bought a new stake in shares of Dell Technologies during the 2nd quarter worth about $34,000. 38.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of recent analyst reports. Mizuho initiated coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Sanford C. Bernstein dropped their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Bank of America boosted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Morgan Stanley lowered their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Trading Up 0.9 %

NYSE DELL opened at $120.55 on Friday. The stock’s 50 day moving average is $116.30 and its two-hundred day moving average is $125.34. The company has a market capitalization of $85.51 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 1.29 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating 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 company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s payout ratio is presently 36.33%.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction on 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the business’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 directly owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $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 ninety days, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. Company insiders own 46.70% of the company’s stock.

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).