Zions Bancorporation N.A. Buys 1,435 Shares of Dell Technologies Inc. (NYSE:DELL)

Zions Bancorporation N.A. boosted its position in Dell Technologies Inc. (NYSE:DELL) by 25.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,149 shares of the technology company’s stock after purchasing an additional 1,435 shares during the period. Zions Bancorporation N.A.’s holdings in Dell Technologies were worth $847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors bought a new position in Dell Technologies during the first quarter worth $835,946,000. International Assets Investment Management LLC boosted its holdings in Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after buying an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Dell Technologies by 83.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after purchasing an additional 1,011,512 shares during the period. Bahl & Gaynor Inc. boosted its position in shares of Dell Technologies by 159.8% in the first quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock valued at $154,396,000 after acquiring an additional 832,144 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Dell Technologies by 103.1% during the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock valued at $156,275,000 after purchasing an additional 575,166 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Down 0.1 %

Shares of NYSE:DELL opened at $134.43 on Friday. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70. The company has a 50-day moving average price of $121.89 and a 200 day moving average price of $126.31. The company has a market cap of $94.42 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.44 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the business earned $1.44 EPS. Dell Technologies’s revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.32%. Dell Technologies’s dividend payout ratio is currently 32.72%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on DELL. Barclays upped their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Sanford C. Bernstein decreased their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Citigroup upped their target price 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. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Finally, Susquehanna began coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $144.63.

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).