Raymond James Trust N.A. Buys 1,349 Shares of Dell Technologies Inc. (NYSE:DELL)

Raymond James Trust N.A. raised its position in shares of Dell Technologies Inc. (NYSE:DELL) by 13.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 11,242 shares of the technology company’s stock after purchasing an additional 1,349 shares during the quarter. Raymond James Trust N.A.’s holdings in Dell Technologies were worth $1,333,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DELL. International Assets Investment Management LLC raised its stake in Dell Technologies by 19,376.1% during the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after buying an additional 2,415,234 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Dell Technologies by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock worth $319,771,000 after acquiring an additional 51,804 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Dell Technologies by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock valued at $204,538,000 after purchasing an additional 29,717 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in Dell Technologies by 4.1% during the second 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 period. Finally, Bank of New York Mellon Corp lifted its stake in Dell Technologies by 103.1% in the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock valued at $156,275,000 after buying an additional 575,166 shares during the period. Institutional investors own 38.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. 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. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Susquehanna started coverage on Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price for the company. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research note on Wednesday. Finally, Bank of America raised their price objective on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $146.50.

Insider Activity

In other 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 value of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now owns 16,912,241 shares in the company, valued at $2,070,058,298.40. This trade represents a 37.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now owns 23,680 shares in the company, valued at $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,954,112 shares of company stock valued at $2,113,449,139 in the last three months. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Up 3.8 %

Dell Technologies stock opened at $144.21 on Friday. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70. The company’s 50 day moving average price is $125.84 and its two-hundred day moving average price is $126.86. The stock has a market cap of $101.29 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.46 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 earnings per share. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Dell Technologies 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).