Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Empire Financial Management Company LLC

Empire Financial Management Company LLC grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 197.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,300 shares of the technology company’s stock after buying an additional 7,500 shares during the quarter. Empire Financial Management Company LLC’s holdings in Dell Technologies were worth $1,340,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp increased its holdings in Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after buying an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after acquiring an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after acquiring an additional 2,415,234 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Dell Technologies by 2.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock worth $319,771,000 after purchasing an additional 51,804 shares during the period. Finally, Alkeon Capital Management LLC increased its stake in Dell Technologies by 48.3% during the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after purchasing an additional 699,204 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DELL shares. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Susquehanna began coverage on Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Citigroup lowered their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. UBS Group reduced their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.06.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,032,968 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $113.67, for a total transaction of $117,417,472.56. Following the sale, the chief executive officer now directly owns 13,094,517 shares of the company’s stock, valued at $1,488,453,747.39. The trade was a 7.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,409,903 shares of company stock valued at $1,737,563,234 over the last three months. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Down 5.7 %

NYSE:DELL opened at $116.81 on Wednesday. Dell Technologies Inc. has a 52-week low of $68.49 and a 52-week high of $179.70. The firm has a market cap of $82.05 billion, a P/E ratio of 20.64, a PEG ratio of 1.30 and a beta of 0.90. The business’s 50-day moving average price is $128.00 and its 200 day moving average price is $125.72.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.52%. Dell Technologies’s payout ratio is 31.45%.

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).