De Lisle Partners LLP Makes New $688,000 Investment in Dell Technologies Inc. (NYSE:DELL)

De Lisle Partners LLP purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,800 shares of the technology company’s stock, valued at approximately $688,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DELL. Tidal Investments LLC increased its position in Dell Technologies by 114.2% in the 1st 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. Comerica Bank grew its position in Dell Technologies by 48.4% in the 1st quarter. Comerica Bank now owns 28,556 shares of the technology company’s stock valued at $3,259,000 after buying an additional 9,307 shares in the last quarter. iA Global Asset Management Inc. lifted its stake in shares of Dell Technologies by 2.1% in the 1st quarter. iA Global Asset Management Inc. now owns 7,228 shares of the technology company’s stock worth $825,000 after acquiring an additional 147 shares during the period. Swedbank AB acquired a new position in shares of Dell Technologies during the first quarter valued at approximately $28,459,000. Finally, Atria Investments Inc boosted its stake in Dell Technologies by 13.9% during the 1st quarter. Atria Investments Inc now owns 37,522 shares of the technology company’s stock valued at $4,282,000 after purchasing an additional 4,583 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In related news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This trade represents a 37.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the firm’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 sale, the insider now directly owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. The trade was a 36.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,962,112 shares of company stock valued at $2,114,595,059. 46.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Citigroup decreased their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Raymond James dropped their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, Susquehanna initiated coverage on Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price on the stock. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $148.18.

Dell Technologies Stock Down 12.2 %

Shares of DELL opened at $124.38 on Friday. The stock’s 50-day moving average price is $127.21 and its 200 day moving average price is $126.94. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70. The firm has a market capitalization of $87.36 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 1.51 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued 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. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same period last year, the business earned $1.62 earnings per share. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is 32.72%.

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).