Cromwell Holdings LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 805 shares of the technology company’s stock, valued at approximately $99,000.
Several other large investors also recently added to or reduced their stakes in DELL. Smallwood Wealth Investment Management LLC purchased a new position in Dell Technologies during the 1st quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new position in Dell Technologies during the 1st quarter valued at about $26,000. Cheviot Value Management LLC purchased a new position in Dell Technologies during the 1st quarter valued at about $27,000. Flaharty Asset Management LLC purchased a new position in Dell Technologies during the 1st quarter valued at about $27,000. Finally, Cullen Frost Bankers Inc. grew its holdings in Dell Technologies by 270.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock valued at $28,000 after buying an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.
Dell Technologies Price Performance
NYSE:DELL opened at $147.28 on Friday. The business has a 50 day moving average of $131.65 and a 200 day moving average of $114.63. The company has a market capitalization of $99.03 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.03 and a beta of 1.04. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $152.10.
Dell Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a $0.525 dividend. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.4%. Dell Technologies’s payout ratio is presently 30.88%.
Insider Transactions at Dell Technologies
In other Dell Technologies news, Director William D. Green sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $140.00, for a total value of $7,000,000.00. Following the completion of the sale, the director owned 45,045 shares in the company, valued at approximately $6,306,300. The trade was a 52.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lynn Vojvodich Radakovich sold 725 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $126.39, for a total value of $91,632.75. Following the completion of the sale, the director owned 23,680 shares of the company’s stock, valued at $2,992,915.20. The trade was a 2.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,204,462 shares of company stock worth $420,370,484. 42.00% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
DELL has been the subject of a number of recent analyst reports. KeyCorp initiated coverage on Dell Technologies in a report on Thursday, June 26th. They set a “sector weight” rating for the company. Daiwa Capital Markets lifted their target price on Dell Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Wells Fargo & Company lifted their target price on Dell Technologies from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 29th. The Goldman Sachs Group lifted their price target on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Susquehanna reiterated a “neutral” rating and set a $125.00 price target on shares of Dell Technologies in a research report on Wednesday, August 13th. Sixteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.67.
Read Our Latest Stock Analysis on Dell Technologies
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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