Edge Capital Group LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Edge Capital Group LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 39,563 shares of the technology company’s stock, valued at approximately $4,559,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its holdings in Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after acquiring an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC raised its holdings in Dell Technologies by 71.8% during the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after acquiring an additional 2,641,456 shares in the last quarter. Swedbank AB raised its holdings in Dell Technologies by 803.6% during the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after acquiring an additional 1,690,709 shares in the last quarter. Franklin Resources Inc. raised its holdings in Dell Technologies by 5,047.4% during the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after acquiring an additional 1,002,117 shares in the last quarter. Finally, Congress Asset Management Co. bought a new stake in Dell Technologies during the fourth quarter worth about $100,869,000. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Performance

Shares of DELL opened at $117.66 on Monday. Dell Technologies Inc. has a 52 week low of $85.40 and a 52 week high of $179.70. The stock has a market capitalization of $82.41 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.10 and a beta of 0.90. The stock has a fifty day moving average of $113.11 and a 200-day moving average of $117.92.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating 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 company had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the prior year, the company earned $1.62 EPS. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.51%. Dell Technologies’s payout ratio is 31.45%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the sale, the director now directly owns 777,347 shares in the company, valued at approximately $97,386,032.16. This trade represents a 11.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 937,407 shares of company stock worth $114,418,186 over the last three months. Company insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Bank of America dropped their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Citigroup lowered their price target on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday. JPMorgan Chase & Co. lowered their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Mizuho decreased their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Finally, Barclays upped their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $145.00.

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).