Courier Capital LLC Increases Stock Position in Dell Technologies Inc. (NYSE:DELL)

Courier Capital LLC grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 267.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,501 shares of the technology company’s stock after acquiring an additional 8,369 shares during the period. Courier Capital LLC’s holdings in Dell Technologies were worth $1,363,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital World Investors acquired a new stake in shares of Dell Technologies during the 1st quarter valued at approximately $835,946,000. DekaBank Deutsche Girozentrale lifted its position in shares of Dell Technologies by 2.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after acquiring an additional 51,804 shares during the period. Bahl & Gaynor Inc. raised its position in shares of Dell Technologies by 4.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock worth $194,289,000 after purchasing an additional 55,763 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Dell Technologies by 103.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after purchasing an additional 575,166 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Dell Technologies by 303.6% during the 1st quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock worth $107,173,000 after purchasing an additional 705,167 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of DELL stock opened at $119.48 on Thursday. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70. The firm has a market capitalization of $84.75 billion, a P/E ratio of 24.38, a P/E/G ratio of 1.29 and a beta of 0.90. The company’s fifty day moving average price is $116.30 and its two-hundred day moving average price is $125.34.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping 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 firm had revenue of $25.03 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be issued a $0.445 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.49%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DELL. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Morgan Stanley cut their price objective on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Susquehanna began coverage on Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective for the company. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 price objective for the company. Finally, Bank of America boosted their price target on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,953,387 shares of company stock worth $2,113,353,236 in the last quarter. 46.70% of the stock is 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).