Los Angeles Capital Management LLC Buys New Stake in Dell Technologies Inc. (NYSE:DELL)

Los Angeles Capital Management LLC bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,235 shares of the technology company’s stock, valued at approximately $383,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State of New Jersey Common Pension Fund D lifted its holdings in shares of Dell Technologies by 7.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 105,140 shares of the technology company’s stock valued at $12,463,000 after acquiring an additional 7,234 shares in the last quarter. Colonial River Investments LLC acquired a new position in shares of Dell Technologies during the 3rd quarter valued at $346,000. Axxcess Wealth Management LLC acquired a new position in shares of Dell Technologies during the 3rd quarter valued at $345,000. Alan B Lancz & Associates Inc. lifted its holdings in Dell Technologies by 7.9% in the 3rd quarter. Alan B Lancz & Associates Inc. now owns 3,581 shares of the technology company’s stock worth $424,000 after buying an additional 261 shares in the last quarter. Finally, Sigma Planning Corp lifted its holdings in Dell Technologies by 13.7% in the 3rd quarter. Sigma Planning Corp now owns 7,851 shares of the technology company’s stock worth $931,000 after buying an additional 948 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Raymond James cut their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. TD Cowen cut their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, Susquehanna started coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $144.63.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s 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 transaction, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. This represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Down 2.1 %

Shares of NYSE:DELL opened at $131.64 on Monday. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The firm has a 50-day simple moving average of $123.03 and a 200 day simple moving average of $126.46. The company has a market cap of $92.46 billion, a PE ratio of 24.20, a P/E/G ratio of 1.39 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.35%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 32.72%.

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).