Quest Partners LLC Has $164,000 Stock Position in Dell Technologies Inc. (NYSE:DELL)

Quest Partners LLC grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 17.0% during the 3rd quarter, Holdings Channel reports. The firm owned 1,383 shares of the technology company’s stock after buying an additional 201 shares during the period. Quest Partners LLC’s holdings in Dell Technologies were worth $164,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Clean Yield Group bought a new position in Dell Technologies in the 3rd quarter valued at about $25,000. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies in the second quarter worth $28,000. Nemes Rush Group LLC bought a new stake in Dell Technologies during the second quarter worth about $33,000. Crewe Advisors LLC acquired a new stake in Dell Technologies during the second quarter worth about $34,000. Finally, MCF Advisors LLC increased its holdings in Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Stock Down 12.2 %

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

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, beating analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $1.62 earnings per share. Equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed 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 1.43%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is 32.72%.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,962,112 shares of company stock valued at $2,114,595,059. 46.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on DELL. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 price objective for the company. Bank of America upped their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays lifted their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday. Evercore ISI restated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein reduced their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.18.

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).