True Wealth Design LLC Has $31,000 Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

True Wealth Design LLC raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 2,530.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 263 shares of the technology company’s stock after buying an additional 253 shares during the quarter. True Wealth Design LLC’s holdings in Dell Technologies were worth $31,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. National Pension Service increased its position in Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after acquiring an additional 50,304 shares during the period. Woodmont Investment Counsel LLC bought a new position in shares of Dell Technologies during the 3rd quarter worth about $5,780,000. Harvey Capital Management Inc. acquired a new position in shares of Dell Technologies during the third quarter valued at about $2,848,000. Chicago Capital LLC grew its position in Dell Technologies by 3.7% during the third quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock worth $14,399,000 after buying an additional 4,385 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in Dell Technologies by 114.2% during the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after acquiring an additional 5,432 shares during the period. 38.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,962,112 shares of company stock valued at $2,114,595,059 over the last three months. Company insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DELL. Sanford C. Bernstein reduced their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Melius Research lifted their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Barclays increased their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Bank of America lifted their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, 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. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.18.

Dell Technologies Stock Up 2.6 %

Shares of DELL stock opened at $127.59 on Monday. The firm has a market cap of $89.62 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.34 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. The stock has a 50-day moving average price of $127.41 and a 200 day moving average price of $126.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The company had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the previous year, the company earned $1.62 EPS. Dell Technologies’s revenue was up 9.5% on a year-over-year basis. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.40%. Dell Technologies’s dividend payout ratio is currently 31.45%.

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).