EverSource Wealth Advisors LLC Raises Stock Position in Dell Technologies Inc. (NYSE:DELL)

EverSource Wealth Advisors LLC lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 97.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 428 shares of the technology company’s stock after buying an additional 211 shares during the period. EverSource Wealth Advisors LLC’s holdings in Dell Technologies were worth $59,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in shares of Dell Technologies in the 4th quarter valued at about $25,000. Massmutual Trust Co. FSB ADV grew its position in shares of Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after acquiring an additional 82 shares during the last quarter. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies in the 2nd quarter valued at $28,000. New Covenant Trust Company N.A. purchased a new stake in Dell Technologies in the 1st quarter valued at $30,000. Finally, Central Bank & Trust Co. purchased a new position in Dell Technologies during the 1st quarter worth $34,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dell Technologies news, CEO Michael S. Dell sold 1,166,595 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $117.42, for a total value of $136,981,584.90. Following the completion of the transaction, the chief executive officer now directly owns 26,912,241 shares in the company, valued at approximately $3,160,035,338.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,007,047 shares of company stock valued at $1,041,595,745. 46.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group decreased their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Raymond James dropped 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. Wells Fargo & Company decreased their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Citigroup upped 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. Finally, TD Cowen lowered their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Stock Performance

Shares of DELL stock opened at $120.22 on Friday. The stock has a market cap of $85.27 billion, a PE ratio of 24.53, a P/E/G ratio of 1.25 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. The stock has a fifty day moving average price of $110.49 and a 200 day moving average price of $124.32.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $24.14 billion. During the same period in the previous year, the firm earned $1.44 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Dell Technologies Announces Dividend

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

Dell Technologies Company 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).