Kessler Investment Group LLC Has $9.53 Million Stake in Dell Technologies Inc. (NYSE:DELL)

Kessler Investment Group LLC raised its position in shares of Dell Technologies Inc. (NYSE:DELL) by 97.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,418 shares of the technology company’s stock after acquiring an additional 39,667 shares during the quarter. Dell Technologies makes up approximately 4.9% of Kessler Investment Group LLC’s holdings, making the stock its 3rd largest position. Kessler Investment Group LLC’s holdings in Dell Technologies were worth $9,533,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc bought a new stake in Dell Technologies in the 2nd quarter worth approximately $28,000. Clean Yield Group bought a new position in shares of Dell Technologies during the 3rd quarter valued at approximately $25,000. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies in the 2nd quarter worth $33,000. Crewe Advisors LLC bought a new stake in Dell Technologies during the second quarter worth approximately $34,000. Finally, New Covenant Trust Company N.A. purchased a new stake in Dell Technologies during the 1st quarter valued at $30,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DELL has been the subject of a number of recent analyst reports. Raymond James dropped their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. TD Cowen reduced their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Sanford C. Bernstein decreased their target price on shares of 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 increased their price target on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Stock Performance

Dell Technologies stock traded down $5.51 during trading on Tuesday, reaching $119.71. 2,242,026 shares of the company’s stock were exchanged, compared to its average volume of 10,340,330. Dell Technologies Inc. has a 52-week low of $63.90 and a 52-week high of $179.70. The firm has a market cap of $84.91 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.29 and a beta of 0.90. The company’s 50-day moving average is $115.56 and its two-hundred day moving average is $125.47.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The business 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 company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 earnings per share. Analysts anticipate that Dell Technologies Inc. will post 6.91 EPS 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 paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the sale, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. Company insiders own 46.70% of the company’s stock.

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).