Dell Technologies Inc. (NYSE:DELL) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its stake in Dell Technologies Inc. (NYSE:DELL) by 9.9% in the third quarter, HoldingsChannel.com reports. The fund owned 7,458 shares of the technology company’s stock after buying an additional 671 shares during the quarter. TD Private Client Wealth LLC’s holdings in Dell Technologies were worth $884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its stake in Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after buying an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC grew its position 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 during the last quarter. International Assets Investment Management LLC increased its holdings 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 worth $287,779,000 after acquiring an additional 2,415,234 shares during the period. Alkeon Capital Management LLC lifted its position in Dell Technologies by 48.3% in 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, Janus Henderson Group PLC grew its position in Dell Technologies by 136.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,162,053 shares of the technology company’s stock worth $137,750,000 after purchasing an additional 670,171 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 500,000 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $117.93, for a total transaction of $58,965,000.00. Following the transaction, the chief executive officer now directly owns 36,412,241 shares of the company’s stock, valued at approximately $4,294,095,581.13. The trade was a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The trade was a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,376,935 shares of company stock worth $1,620,145,762. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $118.42 on Friday. The company has a market capitalization of $83.18 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90. The stock has a fifty day moving average of $128.21 and a 200-day moving average of $125.03. Dell Technologies Inc. has a one year low of $70.89 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly 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. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $1.62 EPS. As a group, research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.50%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DELL. Deutsche Bank Aktiengesellschaft reduced 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. Evercore ISI reiterated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Bank of America raised their price target on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Barclays upped their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $148.06.

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).