Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC grew its position in Dell Technologies Inc. (NYSE:DELL) by 78.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,175 shares of the technology company’s stock after acquiring an additional 6,674 shares during the quarter. Metis Global Partners LLC’s holdings in Dell Technologies were worth $1,799,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DELL. US Bancorp DE increased its position in shares of Dell Technologies by 11.6% during the first quarter. US Bancorp DE now owns 23,855 shares of the technology company’s stock worth $2,722,000 after acquiring an additional 2,476 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Dell Technologies by 30.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,513 shares of the technology company’s stock worth $743,000 after acquiring an additional 1,520 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Dell Technologies by 22.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after purchasing an additional 25,117 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in Dell Technologies in the first quarter worth about $282,000. Finally, HBK Sorce Advisory LLC acquired a new stake in Dell Technologies during the first quarter valued at approximately $206,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Barclays lifted their price target on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Mizuho assumed coverage on Dell Technologies in a report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target on the stock. Susquehanna began coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target on the stock. Finally, TD Cowen reduced their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $144.63.

Dell Technologies Price Performance

Shares of DELL opened at $131.62 on Friday. The company’s 50-day moving average is $122.43 and its 200-day moving average is $126.37. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The firm has a market capitalization of $92.45 billion, a PE ratio of 24.19, a PEG ratio of 1.42 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. Analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 16,912,241 shares in the company, valued at $2,070,058,298.40. The trade was a 37.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now directly owns 73,263 shares in the company, valued at $8,593,017.27. This represents a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock worth $2,113,353,236 over the last three months. Company insiders own 46.70% of the company’s stock.

About Dell Technologies

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).