Transform Wealth LLC Raises Position in Dell Technologies Inc. (NYSE:DELL)

Transform Wealth LLC raised its holdings in Dell Technologies Inc. (NYSE:DELLGet Rating) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,179 shares of the technology company’s stock after buying an additional 2,976 shares during the period. Transform Wealth LLC’s holdings in Dell Technologies were worth $4,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC purchased a new position in Dell Technologies in the 1st quarter valued at approximately $26,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Dell Technologies in the 1st quarter valued at $27,000. Avondale Wealth Management acquired a new stake in shares of Dell Technologies in the 1st quarter valued at $31,000. Tcwp LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at $35,000. Finally, MayTech Global Investments LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 26.53% of the company’s stock.

Dell Technologies Trading Down 3.2 %

Shares of NYSE:DELL traded down $1.15 during midday trading on Friday, hitting $35.13. The stock had a trading volume of 65,504 shares, compared to its average volume of 4,168,402. The company has a market capitalization of $25.75 billion, a PE ratio of 5.13, a P/E/G ratio of 0.53 and a beta of 0.88. The stock has a 50 day moving average price of $42.75 and a two-hundred day moving average price of $46.06. Dell Technologies Inc. has a 1 year low of $36.20 and a 1 year high of $61.54.

Dell Technologies (NYSE:DELLGet Rating) last issued its earnings results on Thursday, August 25th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.04. The business had revenue of $26.43 billion for the quarter, compared to the consensus estimate of $26.47 billion. Dell Technologies had a net margin of 4.98% and a return on equity of 305.10%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.24 earnings per share. As a group, equities analysts expect that Dell Technologies Inc. will post 5.82 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Wednesday, October 19th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Tuesday, October 18th. Dell Technologies’s dividend payout ratio is currently 19.08%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DELL. Wells Fargo & Company reduced their price objective on shares of Dell Technologies from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Friday, August 26th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Dell Technologies from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, August 26th. JPMorgan Chase & Co. cut their price target on shares of Dell Technologies from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. Bank of America cut their price target on shares of Dell Technologies from $66.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, August 26th. Finally, Raymond James cut their price target on shares of Dell Technologies from $54.00 to $51.00 and set an “outperform” rating on the stock in a research note on Friday, August 26th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.33.

Insider Buying and Selling

In related news, COO Anthony Charles Whitten sold 107,905 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $47.70, for a total transaction of $5,147,068.50. Following the sale, the chief operating officer now owns 774,352 shares of the company’s stock, valued at $36,936,590.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Anthony Charles Whitten sold 107,905 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $47.70, for a total transaction of $5,147,068.50. Following the sale, the chief operating officer now owns 774,352 shares of the company’s stock, valued at $36,936,590.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William F. Scannell sold 27,536 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $40.20, for a total transaction of $1,106,947.20. Following the completion of the sale, the insider now directly owns 343,835 shares in the company, valued at approximately $13,822,167. The disclosure for this sale can be found here. 47.30% of the stock is owned by insiders.

Dell Technologies Company Profile

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Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.

Further Reading

Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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