Allen Capital Group LLC Purchases New Shares in Dell Technologies Inc. (NYSE:DELL)

Allen Capital Group LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL) during the 3rd quarter, HoldingsChannel reports. The firm purchased 2,841 shares of the technology company’s stock, valued at approximately $337,000.

Several other large investors have also added to or reduced their stakes in the stock. Citigroup Inc. boosted its holdings in Dell Technologies by 22.6% in the third quarter. Citigroup Inc. now owns 349,623 shares of the technology company’s stock valued at $41,444,000 after acquiring an additional 64,564 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Dell Technologies by 13.6% in the third quarter. Raymond James Trust N.A. now owns 11,242 shares of the technology company’s stock valued at $1,333,000 after acquiring an additional 1,349 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Dell Technologies by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock valued at $204,538,000 after acquiring an additional 29,717 shares in the last quarter. L & S Advisors Inc boosted its holdings in Dell Technologies by 9.8% in the third quarter. L & S Advisors Inc now owns 30,859 shares of the technology company’s stock valued at $3,658,000 after acquiring an additional 2,757 shares in the last quarter. Finally, Smithfield Trust Co boosted its holdings in Dell Technologies by 8.0% in the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after acquiring an additional 84 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on DELL shares. Evercore ISI restated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday. Raymond James dropped their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Barclays boosted their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. TD Cowen dropped their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $146.50.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $144.20 on Friday. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The business has a 50-day simple moving average of $125.84 and a two-hundred day simple moving average of $126.86. The firm has a market cap of $101.28 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 1.43 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping 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 business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the firm earned $1.44 EPS. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. As a group, research analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 32.72%.

Insider Activity

In related news, insider William F. Scannell sold 42,595 shares of the business’s 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 completion of the transaction, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. The trade was a 36.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction that occurred on 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 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,954,112 shares of company stock valued at $2,113,449,139 in the last quarter. 46.70% of the stock is currently owned by insiders.

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).