Wilmington Savings Fund Society FSB Purchases Shares of 1,667 Dell Technologies Inc. (NYSE:DELL)

Wilmington Savings Fund Society FSB acquired a new position in Dell Technologies Inc. (NYSE:DELL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,667 shares of the technology company’s stock, valued at approximately $198,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clean Yield Group acquired a new stake in Dell Technologies in the third quarter worth about $25,000. True Wealth Design LLC boosted its stake in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares in the last quarter. Nemes Rush Group LLC purchased a new stake in Dell Technologies during the 2nd quarter worth approximately $33,000. Crewe Advisors LLC acquired a new position in Dell Technologies during the 2nd quarter valued at approximately $34,000. Finally, MCF Advisors LLC lifted its stake in shares of Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $112.67 on Thursday. The firm has a fifty day moving average of $127.95 and a 200 day moving average of $123.78. The firm has a market cap of $79.14 billion, a PE ratio of 19.91, a PEG ratio of 1.26 and a beta of 0.90. Dell Technologies Inc. has a one year low of $72.31 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share 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 191.91%. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Bank of America raised their target price on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Melius Research raised their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI reiterated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Insider Activity at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. This represents a 36.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 1,166,595 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $117.42, for a total value of $136,981,584.90. Following the completion of the sale, the chief executive officer now owns 26,912,241 shares of the company’s stock, valued at $3,160,035,338.22. This trade represents a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,331,110 shares of company stock valued at $1,381,403,997. 46.70% of the stock is owned by insiders.

Dell Technologies Company 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).