Silver Lake Advisory LLC Purchases Shares of 5,367 Dell Technologies Inc. (NYSE:DELL)

Silver Lake Advisory LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,367 shares of the technology company’s stock, valued at approximately $740,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Nemes Rush Group LLC acquired a new position in Dell Technologies during the 2nd quarter worth approximately $33,000. Creative Planning increased its holdings in Dell Technologies by 112.0% in the second quarter. Creative Planning now owns 84,744 shares of the technology company’s stock valued at $11,687,000 after buying an additional 44,763 shares during the last quarter. Doheny Asset Management CA purchased a new stake in Dell Technologies during the 2nd quarter worth about $455,000. Full Sail Capital LLC acquired a new position in shares of Dell Technologies during the 2nd quarter worth about $205,000. Finally, Empirical Capital Management LLC acquired a new stake in shares of Dell Technologies during the 2nd quarter worth about $276,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

In other news, 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 value of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 1,166,595 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $117.42, for a total value of $136,981,584.90. Following the sale, the chief executive officer now directly owns 26,912,241 shares in the company, valued at $3,160,035,338.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 221,460 shares of the firm’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 transaction, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The disclosure for this sale can be found here. Insiders sold 9,007,047 shares of company stock worth $1,041,595,745 in the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

DELL has been the subject of several recent analyst reports. Citigroup boosted 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. Morgan Stanley decreased their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. TD Cowen cut their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Mizuho began coverage on Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target on the stock. Finally, Raymond James reduced their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Stock Performance

NYSE DELL opened at $120.22 on Friday. The firm has a market capitalization of $85.27 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70. The company has a 50-day simple moving average of $110.38 and a 200-day simple moving average of $124.43.

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 negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same period last year, the business posted $1.44 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts forecast that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Dell Technologies Dividend Announcement

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 issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 36.33%.

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).