7,541 Shares in Dell Technologies Inc. (NYSE:DELL) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new position in Dell Technologies Inc. (NYSE:DELL) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,541 shares of the technology company’s stock, valued at approximately $894,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Clean Yield Group purchased a new stake in Dell Technologies during the third quarter worth $25,000. True Wealth Design LLC raised its position in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares in the last quarter. Nemes Rush Group LLC purchased a new stake in shares of Dell Technologies during the 2nd quarter worth $33,000. Crewe Advisors LLC bought a new stake in Dell Technologies during the second quarter valued at about $34,000. Finally, MCF Advisors LLC grew its stake in Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Morgan Stanley lifted their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. UBS Group decreased their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Wells Fargo & Company boosted their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Melius Research increased their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Stock Performance

NYSE:DELL opened at $118.42 on Friday. The firm’s fifty day moving average is $128.21 and its two-hundred day moving average is $125.03. The firm has a market cap of $83.18 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.26 and a beta of 0.90. Dell Technologies Inc. has a one year low of $70.89 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts predict 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 will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 500,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $117.93, for a total transaction of $58,965,000.00. Following the transaction, the chief executive officer now owns 36,412,241 shares in the company, valued at approximately $4,294,095,581.13. This represents a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the sale, the director now owns 777,347 shares of the company’s stock, valued at $97,386,032.16. This trade represents a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,376,935 shares of company stock valued at $1,620,145,762. Corporate 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).