Raymond James Financial Services Advisors Inc. lifted its stake in Dell Technologies Inc. (NYSE:DELL – Get Rating) by 27.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,629 shares of the technology company’s stock after acquiring an additional 13,663 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Dell Technologies were worth $2,140,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. LeJeune Puetz Investment Counsel LLC increased its position in Dell Technologies by 6.5% during the 2nd quarter. LeJeune Puetz Investment Counsel LLC now owns 4,100 shares of the technology company’s stock valued at $189,000 after buying an additional 250 shares in the last quarter. Yousif Capital Management LLC increased its position in Dell Technologies by 5.2% during the 1st quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock valued at $306,000 after buying an additional 302 shares in the last quarter. Allworth Financial LP increased its position in Dell Technologies by 3.8% during the 2nd quarter. Allworth Financial LP now owns 8,702 shares of the technology company’s stock valued at $402,000 after buying an additional 321 shares in the last quarter. Cresset Asset Management LLC increased its position in Dell Technologies by 5.3% during the 1st quarter. Cresset Asset Management LLC now owns 6,390 shares of the technology company’s stock valued at $320,000 after buying an additional 321 shares in the last quarter. Finally, Miracle Mile Advisors LLC increased its position in Dell Technologies by 1.7% during the 3rd quarter. Miracle Mile Advisors LLC now owns 21,288 shares of the technology company’s stock valued at $727,000 after buying an additional 363 shares in the last quarter. 26.42% of the stock is owned by institutional investors.
Insider Buying and Selling at Dell Technologies
In other Dell Technologies news, insider William F. Scannell sold 91,938 shares of the stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $42.62, for a total transaction of $3,918,397.56. Following the completion of the transaction, the insider now owns 178,627 shares of the company’s stock, valued at $7,613,082.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 47.30% of the company’s stock.
Dell Technologies Trading Up 0.6 %
Dell Technologies (NYSE:DELL – Get Rating) last announced its earnings results on Monday, November 21st. The technology company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.69. Dell Technologies had a negative return on equity of 208.47% and a net margin of 1.74%. The business had revenue of $24.72 million during the quarter, compared to analysts’ expectations of $24.61 billion. During the same quarter in the prior year, the firm earned $2.37 earnings per share. The business’s revenue was down 6.4% compared to the same quarter last year. On average, research analysts predict that Dell Technologies Inc. will post 6.46 earnings per share for the current fiscal year.
Dell Technologies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 3rd. Shareholders of record on Wednesday, January 25th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, January 24th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.29%. Dell Technologies’s payout ratio is currently 55.46%.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Credit Suisse Group dropped their price target on Dell Technologies from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 22nd. Citigroup dropped their price target on Dell Technologies from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, November 18th. Jefferies Financial Group began coverage on Dell Technologies in a research note on Monday, October 31st. They set a “hold” rating and a $39.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on Dell Technologies from $55.00 to $48.00 in a research note on Tuesday, November 22nd. Finally, Raymond James upped their target price on Dell Technologies from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 22nd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $49.63.
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).
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