Claro Advisors LLC Takes $366,000 Position in Dell Technologies Inc. (NYSE:DELL)

Claro Advisors LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,087 shares of the technology company’s stock, valued at approximately $366,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DELL. Mutual of America Capital Management LLC boosted its holdings in shares of Dell Technologies by 910.1% during the third quarter. Mutual of America Capital Management LLC now owns 35,375 shares of the technology company’s stock worth $4,193,000 after purchasing an additional 31,873 shares during the last quarter. Beaton Management Co. Inc. grew its holdings in Dell Technologies by 31.2% in the 3rd quarter. Beaton Management Co. Inc. now owns 2,075 shares of the technology company’s stock valued at $246,000 after buying an additional 493 shares during the period. Natixis Advisors LLC increased its stake in shares of Dell Technologies by 7.3% during the 3rd quarter. Natixis Advisors LLC now owns 143,063 shares of the technology company’s stock valued at $16,959,000 after acquiring an additional 9,782 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Dell Technologies during the 3rd quarter worth about $1,010,000. Finally, Kentucky Retirement Systems acquired a new stake in shares of Dell Technologies in the third quarter worth approximately $2,376,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

Shares of DELL stock opened at $136.05 on Tuesday. The company’s fifty day moving average price is $123.63 and its two-hundred day moving average price is $126.55. The firm has a market capitalization of $95.56 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.39 and a beta of 0.89. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last released 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. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the firm posted $1.44 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors 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 dividend yield of 1.31%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insider Activity at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the transaction, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. This trade represents a 36.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction that occurred on Friday, September 6th. The stock was 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 owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236 over the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DELL shares. Wells Fargo & Company increased their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a report on Friday, September 27th. They issued a “buy” rating and a $144.00 target price on the stock. UBS Group dropped their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Barclays lifted their price objective on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $145.88.

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).