Aptus Capital Advisors LLC Buys 168 Shares of Dell Technologies Inc. (NYSE:DELL)

Aptus Capital Advisors LLC lifted its holdings in Dell Technologies Inc. (NYSE:DELL) by 4.7% during the third quarter, Holdings Channel reports. The institutional investor owned 3,732 shares of the technology company’s stock after acquiring an additional 168 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Dell Technologies were worth $442,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Clean Yield Group bought a new position in Dell Technologies during the 3rd quarter valued at about $25,000. Accordant Advisory Group Inc bought a new stake in Dell Technologies during the 2nd quarter worth approximately $28,000. New Covenant Trust Company N.A. bought a new stake in Dell Technologies during the 1st quarter worth approximately $30,000. Nemes Rush Group LLC bought a new stake in Dell Technologies during the 2nd quarter worth approximately $33,000. Finally, Crewe Advisors LLC bought a new stake in Dell Technologies during the 2nd quarter worth approximately $34,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of DELL opened at $131.62 on Friday. The company has a market capitalization of $92.45 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.42 and a beta of 0.89. Dell Technologies Inc. has a one year low of $67.51 and a one year high of $179.70. The stock has a 50-day moving average price of $122.43 and a 200 day moving average price of $126.37.

Dell Technologies (NYSE:DELL) last released its earnings results 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 negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter last year, the business posted $1.44 EPS. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced 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 is presently 32.72%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein cut their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Susquehanna initiated coverage on Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Bank of America lifted their target price on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. TD Cowen dropped their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.63.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. The trade was a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The trade was a 9.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 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).