Defender Capital LLC. Has $1.20 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

Defender Capital LLC. grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 187.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,108 shares of the technology company’s stock after purchasing an additional 6,591 shares during the quarter. Dell Technologies makes up 0.4% of Defender Capital LLC.’s investment portfolio, making the stock its 20th largest position. Defender Capital LLC.’s holdings in Dell Technologies were worth $1,198,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DELL. Clean Yield Group acquired a new stake in Dell Technologies during the third quarter worth approximately $25,000. Accordant Advisory Group Inc acquired a new stake in Dell Technologies during the second quarter worth approximately $28,000. New Covenant Trust Company N.A. acquired a new stake in Dell Technologies during the first quarter worth approximately $30,000. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $34,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Price Performance

DELL stock opened at $124.11 on Tuesday. The stock has a market capitalization of $88.03 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. The company’s 50-day moving average is $115.56 and its 200-day moving average is $125.47. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 EPS. On average, analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be given a $0.445 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.43%. Dell Technologies’s payout ratio is 36.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a research report on Friday, September 27th. They issued a “buy” rating and a $144.00 price target for the company. UBS Group dropped their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Raymond James dropped their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Sanford C. Bernstein cut their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Finally, Citigroup upped their target price on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Insider Activity at Dell Technologies

In related news, 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 value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 1,602,535 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $107.42, for a total value of $172,144,309.70. Following the completion of the sale, the chief executive officer now owns 15,412,241 shares in the company, valued at approximately $1,655,582,928.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is owned by corporate insiders.

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).