Morse Asset Management Inc Acquires 13,696 Shares of Dell Technologies Inc. (NYSE:DELL)

Morse Asset Management Inc lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 180.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,273 shares of the technology company’s stock after purchasing an additional 13,696 shares during the period. Morse Asset Management Inc’s holdings in Dell Technologies were worth $2,522,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Accordant Advisory Group Inc bought a new stake in Dell Technologies in the 2nd quarter valued at $28,000. Clean Yield Group acquired a new position in shares of Dell Technologies during the 3rd quarter worth about $25,000. Nemes Rush Group LLC bought a new stake in Dell Technologies in the second quarter valued at approximately $33,000. Crewe Advisors LLC acquired a new stake in Dell Technologies during the 2nd quarter valued at $34,000. Finally, True Wealth Design LLC boosted its holdings in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares during the period. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Down 0.2 %

NYSE DELL opened at $125.54 on Wednesday. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70. The business has a 50 day moving average price of $127.74 and a 200-day moving average price of $126.39. The company has a market cap of $88.18 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 1.35 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 earnings per share. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.42%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. The trade was a 9.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the 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 transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,962,112 shares of company stock worth $2,114,595,059. 46.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DELL. TD Cowen decreased their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Evercore ISI restated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. UBS Group decreased their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Finally, Sanford C. Bernstein cut their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

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).