New York Life Investment Management LLC Buys 3,340 Shares of Dell Technologies Inc. (NYSE:DELL)

New York Life Investment Management LLC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 7.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 46,194 shares of the technology company’s stock after acquiring an additional 3,340 shares during the quarter. New York Life Investment Management LLC’s holdings in Dell Technologies were worth $5,323,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Intrepid Financial Planning Group LLC grew its holdings in Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after buying an additional 80 shares in the last quarter. Smithfield Trust Co grew its holdings in Dell Technologies by 8.0% during the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after buying an additional 84 shares in the last quarter. Graypoint LLC grew its holdings in Dell Technologies by 4.3% during the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after buying an additional 86 shares in the last quarter. ASB Consultores LLC grew its holdings in Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock worth $236,000 after buying an additional 87 shares in the last quarter. Finally, Equitable Trust Co. grew its holdings in Dell Technologies by 3.1% during the third quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock worth $349,000 after buying an additional 88 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 937,407 shares of company stock valued at $114,418,186. Corporate insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on DELL shares. Melius Research upped their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley reduced their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. UBS Group reduced their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Finally, TD Cowen reduced their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.53.

Dell Technologies Stock Performance

Shares of DELL opened at $102.85 on Friday. The stock’s 50-day simple moving average is $112.57 and its 200 day simple moving average is $118.17. The stock has a market capitalization of $72.04 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.62 EPS. On average, research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.04%. Dell Technologies’s dividend payout ratio is 31.45%.

Dell Technologies Company 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).