Dell Technologies Inc. (NYSE:DELL) Shares Acquired by IHT Wealth Management LLC

IHT Wealth Management LLC increased its stake in Dell Technologies Inc. (NYSE:DELL) by 71.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,940 shares of the technology company’s stock after purchasing an additional 3,722 shares during the quarter. IHT Wealth Management LLC’s holdings in Dell Technologies were worth $1,047,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DELL. Integrated Wealth Concepts LLC raised its position in Dell Technologies by 3.5% in the third quarter. Integrated Wealth Concepts LLC now owns 6,415 shares of the technology company’s stock worth $760,000 after acquiring an additional 218 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Dell Technologies by 136.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,162,053 shares of the technology company’s stock worth $137,750,000 after buying an additional 670,171 shares during the period. HighTower Advisors LLC raised its holdings in Dell Technologies by 52.3% during the 3rd quarter. HighTower Advisors LLC now owns 158,593 shares of the technology company’s stock worth $18,775,000 after buying an additional 54,432 shares during the period. Hilltop Holdings Inc. raised its holdings in Dell Technologies by 176.6% during the 3rd quarter. Hilltop Holdings Inc. now owns 5,438 shares of the technology company’s stock worth $645,000 after buying an additional 3,472 shares during the period. Finally, Chevy Chase Trust Holdings LLC acquired a new stake in Dell Technologies during the 3rd quarter worth about $18,403,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the completion of the sale, the chief financial officer now directly owns 228,419 shares in the company, valued at $28,739,678.58. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. This represents a 9.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,748,652 shares of company stock valued at $2,092,997,196. 46.70% of the stock is owned by insiders.

Dell Technologies Trading Down 1.3 %

Shares of NYSE DELL opened at $123.40 on Friday. The business has a fifty day simple moving average of $127.84 and a 200 day simple moving average of $126.38. The firm has a market capitalization of $86.67 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.33 and a beta of 0.90. Dell Technologies Inc. has a one year low of $67.57 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last announced its 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. The company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 earnings per share. On average, research analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.44%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup cut their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Barclays boosted their price objective on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Wells Fargo & Company boosted their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Susquehanna began coverage on Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, Bank of America upped their target price on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

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).