Lindbrook Capital LLC Purchases 178 Shares of Dell Technologies Inc. (NYSE:DELL)

Lindbrook Capital LLC lifted its holdings in Dell Technologies Inc. (NYSE:DELL) by 8.4% during the third quarter, HoldingsChannel reports. The firm owned 2,299 shares of the technology company’s stock after purchasing an additional 178 shares during the period. Lindbrook Capital LLC’s holdings in Dell Technologies were worth $273,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DELL. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Dell Technologies by 22.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock worth $15,482,000 after buying an additional 25,117 shares during the last quarter. LRI Investments LLC acquired a new stake in Dell Technologies in the 1st quarter worth $104,000. National Pension Service raised its position in shares of Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after buying an additional 50,304 shares during the last quarter. Woodmont Investment Counsel LLC bought a new stake in shares of Dell Technologies in the third quarter valued at about $5,780,000. Finally, Oppenheimer Asset Management Inc. grew its position in Dell Technologies by 31.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after buying an additional 1,539 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Price Performance

DELL stock opened at $134.23 on Monday. The business has a fifty day moving average price of $120.40 and a 200 day moving average price of $126.03. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The stock has a market capitalization of $94.28 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 1.46 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its earnings results 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. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $1.44 earnings per share. On average, equities analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.33%. Dell Technologies’s dividend payout ratio (DPR) is currently 32.72%.

Analyst Upgrades and Downgrades

Several research firms have commented on DELL. Evercore ISI reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Dell Technologies in a report on Wednesday, August 28th. Citigroup raised their target price on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company lowered their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Bank of America raised their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Mizuho initiated coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price on the stock. 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, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 over the last quarter. Corporate insiders own 46.70% of the company’s stock.

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).