Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Beaton Management Co. Inc.

Beaton Management Co. Inc. lifted its position in Dell Technologies Inc. (NYSE:DELL) by 31.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,075 shares of the technology company’s stock after acquiring an additional 493 shares during the period. Beaton Management Co. Inc.’s holdings in Dell Technologies were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in DELL. Accordant Advisory Group Inc purchased a new position in Dell Technologies in the 2nd quarter worth approximately $28,000. Clean Yield Group acquired a new stake in shares of Dell Technologies in the third quarter valued at approximately $25,000. Nemes Rush Group LLC acquired a new position in Dell Technologies during the second quarter worth $33,000. Crewe Advisors LLC purchased a new stake in Dell Technologies in the 2nd quarter valued at $34,000. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of Dell Technologies in the 1st quarter worth $30,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $131.64 on Friday. The stock’s 50-day moving average is $123.03 and its two-hundred day moving average is $126.40. The company has a market cap of $92.46 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. Dell Technologies Inc. has a 1-year low of $67.51 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate 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 company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the business posted $1.44 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Sanford C. Bernstein dropped their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. TD Cowen reduced their price target 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. Deutsche Bank Aktiengesellschaft started coverage on Dell Technologies in a research report on Friday, September 27th. They issued a “buy” rating and a $144.00 price objective for the company. Finally, UBS Group decreased their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $144.63.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the sale, the chief executive officer now owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. The trade was a 9.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $4,995,967.55. Following the transaction, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. This represents a 36.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by corporate insiders.

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).