National Wealth Management Group LLC Acquires New Shares in Dell Technologies Inc. (NYSE:DELL)

National Wealth Management Group LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL) in the third quarter, Holdings Channel.com reports. The firm acquired 5,178 shares of the technology company’s stock, valued at approximately $614,000.

A number of other hedge funds have also bought and sold shares of the business. True Vision MN LLC grew its position in shares of Dell Technologies by 78.2% during the 3rd quarter. True Vision MN LLC now owns 5,777 shares of the technology company’s stock valued at $685,000 after purchasing an additional 2,536 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Dell Technologies by 1,123.0% during the 3rd quarter. MetLife Investment Management LLC now owns 76,476 shares of the technology company’s stock worth $9,065,000 after acquiring an additional 70,223 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Dell Technologies by 297.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 415,300 shares of the technology company’s stock worth $49,230,000 after acquiring an additional 310,907 shares during the last quarter. Freedom Investment Management Inc. lifted its holdings in shares of Dell Technologies by 48.5% during the 3rd quarter. Freedom Investment Management Inc. now owns 2,754 shares of the technology company’s stock worth $326,000 after acquiring an additional 900 shares during the last quarter. Finally, Cynosure Group LLC lifted its holdings in shares of Dell Technologies by 17.6% during the 3rd quarter. Cynosure Group LLC now owns 3,180 shares of the technology company’s stock worth $377,000 after acquiring an additional 476 shares during the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s 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 approximately $3,066,560. This 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 can be accessed through this link. Also, insider William F. Scannell sold 42,595 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the sale, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. The trade was a 36.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,962,112 shares of company stock worth $2,114,595,059. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $124.38 on Thursday. Dell Technologies Inc. has a 1 year low of $67.51 and a 1 year high of $179.70. The company’s 50-day moving average is $127.08 and its 200 day moving average is $126.95. The stock has a market capitalization 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 (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the previous year, the company earned $1.62 earnings per share. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. Research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DELL. Susquehanna began coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target for the company. Bank of America boosted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Raymond James lowered their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a research note on Friday, September 27th. They set a “buy” rating and a $144.00 price objective for the company. Finally, Melius Research upped their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.18.

Dell Technologies 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).