Nemes Rush Group LLC Invests $33,000 in Dell Technologies Inc. (NYSE:DELL)

Nemes Rush Group LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 242 shares of the technology company’s stock, valued at approximately $33,000.

Several other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in shares of Dell Technologies in the 4th quarter worth $25,000. Massmutual Trust Co. FSB ADV grew its position in Dell Technologies by 58.2% in 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 in the last quarter. Accordant Advisory Group Inc bought a new stake in Dell Technologies during the second quarter worth approximately $28,000. New Covenant Trust Company N.A. purchased a new stake in Dell Technologies during the first quarter valued at approximately $30,000. Finally, Central Bank & Trust Co. bought a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the completion of the sale, the director now directly owns 731,612 shares in the company, valued at approximately $107,400,641.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the completion of the transaction, the director now owns 731,612 shares in the company, valued at approximately $107,400,641.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Jane Tunnell sold 3,624 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction of $529,031.52. Following the completion of the sale, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at $13,035,138.12. 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Raymond James decreased their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a report on Friday. They issued a “buy” rating and a $144.00 target price for the company. Citigroup upped their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Mizuho initiated coverage on Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price for the company. Finally, Morgan Stanley cut their target price on 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 research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Trading Down 5.0 %

Shares of DELL stock opened at $120.22 on Monday. Dell Technologies Inc. has a twelve month low of $63.90 and a twelve month high of $179.70. The stock has a fifty day simple moving average of $110.38 and a two-hundred day simple moving average of $124.53. The stock has a market capitalization of $85.27 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 1.25 and a beta of 0.90.

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

Dell Technologies Dividend Announcement

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