Sumitomo Mitsui Trust Group Inc. Raises Stock Position in Dell Technologies Inc. (NYSE:DELL)

Sumitomo Mitsui Trust Group Inc. grew its stake in Dell Technologies Inc. (NYSE:DELL) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 727,334 shares of the technology company’s stock after purchasing an additional 81,340 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Dell Technologies were worth $83,818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. True Wealth Design LLC increased its stake in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares in the last quarter. MCF Advisors LLC increased its position in shares of Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after purchasing an additional 165 shares in the last quarter. Covestor Ltd raised its stake in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after purchasing an additional 218 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in Dell Technologies by 171.9% during the 4th quarter. Fortitude Family Office LLC now owns 435 shares of the technology company’s stock worth $50,000 after purchasing an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Up 0.5 %

Shares of NYSE DELL opened at $106.45 on Monday. Dell Technologies Inc. has a 12-month low of $80.49 and a 12-month high of $179.70. The stock has a market cap of $74.56 billion, a P/E ratio of 18.81, a PEG ratio of 0.91 and a beta of 0.90. The business’s fifty day simple moving average is $114.47 and its 200-day simple moving average is $117.18.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion during 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 business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 EPS. On average, equities analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders 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 dividend yield of 1.67%. Dell Technologies’s payout ratio is 31.45%.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 946,132 shares of company stock valued at $115,660,009. Insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Barclays boosted their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Citigroup cut 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, November 27th. Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their price target on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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).