Dell Technologies Inc. (NYSE:DELL) Shares Bought by Freedom Investment Management Inc.

Freedom Investment Management Inc. lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 48.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,754 shares of the technology company’s stock after purchasing an additional 900 shares during the quarter. Freedom Investment Management Inc.’s holdings in Dell Technologies were worth $326,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cynosure Group LLC boosted its position in Dell Technologies by 17.6% in the 3rd quarter. Cynosure Group LLC now owns 3,180 shares of the technology company’s stock valued at $377,000 after buying an additional 476 shares during the period. Townsquare Capital LLC purchased a new position in Dell Technologies in the third quarter valued at $557,000. Brooklyn Investment Group acquired a new position in Dell Technologies during the 3rd quarter worth $61,000. The Manufacturers Life Insurance Company increased its holdings in Dell Technologies by 674.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 174,635 shares of the technology company’s stock worth $20,701,000 after purchasing an additional 152,076 shares during the period. Finally, Qsemble Capital Management LP raised its position in Dell Technologies by 103.8% in the 3rd quarter. Qsemble Capital Management LP now owns 7,778 shares of the technology company’s stock valued at $922,000 after purchasing an additional 3,961 shares in the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $127.59 on Friday. The stock has a market cap of $89.62 billion, a P/E ratio of 22.54, a P/E/G ratio of 1.31 and a beta of 0.89. Dell Technologies Inc. has a 1-year low of $67.51 and a 1-year high of $179.70. The firm has a fifty day moving average price of $127.41 and a 200 day moving average price of $126.86.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Activity

In related news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,962,112 shares of company stock valued at $2,114,595,059 over the last quarter. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DELL. Wells Fargo & Company boosted their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Evercore ISI reissued an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. UBS Group decreased their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. TD Cowen dropped their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, Citigroup decreased their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target 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).