Independent Solutions Wealth Management LLC Acquires 542 Shares of Dell Technologies Inc. (NYSE:DELL)

Independent Solutions Wealth Management LLC grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,109 shares of the technology company’s stock after acquiring an additional 542 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Dell Technologies were worth $1,910,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Intrepid Financial Planning Group LLC lifted its stake in Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after purchasing an additional 80 shares during the last quarter. Smithfield Trust Co lifted its position in Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after buying an additional 84 shares during the last quarter. Graypoint LLC grew its position in Dell Technologies by 4.3% during the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after acquiring an additional 86 shares during the last quarter. Affinity Wealth Management LLC raised its stake in shares of Dell Technologies by 2.5% during the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock worth $422,000 after acquiring an additional 87 shares in the last quarter. Finally, ASB Consultores LLC boosted its stake in shares of Dell Technologies by 4.6% in the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock valued at $236,000 after purchasing an additional 87 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on DELL shares. UBS Group lowered their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Citigroup reduced their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Raymond James cut 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. TD Cowen decreased their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, Bank of America increased their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.06.

Insider Activity at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,066,560. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,331,110 shares of company stock valued at $1,381,403,997. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Dell Technologies stock traded down $0.77 during midday trading on Thursday, hitting $111.90. 5,589,865 shares of the company’s stock were exchanged, compared to its average volume of 10,011,139. Dell Technologies Inc. has a 12-month low of $72.31 and a 12-month high of $179.70. The firm’s 50 day simple moving average is $127.95 and its 200 day simple moving average is $123.78. The stock has a market cap of $78.60 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued 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. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the company earned $1.62 earnings per share. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.59%. Dell Technologies’s dividend payout ratio is presently 31.45%.

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).