PFG Investments LLC Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

PFG Investments LLC boosted its position in Dell Technologies Inc. (NYSE:DELL) by 17.0% during the fourth quarter, Holdings Channel reports. The fund owned 12,674 shares of the technology company’s stock after acquiring an additional 1,841 shares during the period. PFG Investments LLC’s holdings in Dell Technologies were worth $1,461,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after buying an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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. International Assets Investment Management LLC boosted its stake in shares of Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after purchasing an additional 2,415,234 shares in the last quarter. Alkeon Capital Management LLC grew its holdings in shares of Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after purchasing an additional 699,204 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Dell Technologies by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock worth $204,538,000 after purchasing an additional 29,717 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at $3,132,390.40. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 946,132 shares of company stock valued at $115,660,009. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

NYSE DELL opened at $103.86 on Tuesday. The company has a market capitalization of $72.75 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.22 and a beta of 0.92. The stock has a 50-day moving average of $120.76 and a 200 day moving average of $119.04. Dell Technologies Inc. has a one year low of $80.49 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period in the previous year, the business earned $1.62 EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.71%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DELL shares. Wells Fargo & Company raised their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Mizuho cut their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Citigroup dropped their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Finally, Evercore ISI reiterated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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).