Brooklyn Investment Group Buys New Shares in Dell Technologies Inc. (NYSE:DELL)

Brooklyn Investment Group acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 514 shares of the technology company’s stock, valued at approximately $61,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Accordant Advisory Group Inc purchased a new stake in Dell Technologies in the second quarter worth about $28,000. Clean Yield Group bought a new position in shares of Dell Technologies during the third quarter valued at approximately $25,000. Nemes Rush Group LLC bought a new position in shares of Dell Technologies during the second quarter valued at approximately $33,000. Crewe Advisors LLC bought a new position in shares of Dell Technologies during the second quarter valued at approximately $34,000. Finally, Kimelman & Baird LLC bought a new position in shares of Dell Technologies during the second quarter valued at approximately $37,000. 38.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DELL has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Citigroup reduced their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday. 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 research report on Friday, August 30th. UBS Group dropped their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, Barclays boosted their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.18.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the sale, the director now owns 23,680 shares in the company, valued at $3,066,560. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,962,112 shares of company stock valued at $2,114,595,059 over the last 90 days. Insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 12.2 %

NYSE DELL opened at $124.38 on Friday. The company has a fifty day simple moving average of $127.21 and a two-hundred day simple moving average of $126.94. The stock has a market cap of $87.36 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.51 and a beta of 0.89. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $1.62 earnings per share. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors 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 annualized dividend and a dividend yield of 1.43%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

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).