Virtu Financial LLC Acquires New Position in Dell Technologies Inc. (NYSE:DELL)

Virtu Financial LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,541 shares of the technology company's stock, valued at approximately $894,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Citizens Business Bank increased its stake in Dell Technologies by 326.7% in the third quarter. Citizens Business Bank now owns 31,644 shares of the technology company's stock valued at $3,751,000 after purchasing an additional 24,228 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of Dell Technologies by 9.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 7,458 shares of the technology company's stock valued at $884,000 after buying an additional 671 shares in the last quarter. Fortem Financial Group LLC raised its stake in Dell Technologies by 3.4% during the 3rd quarter. Fortem Financial Group LLC now owns 34,811 shares of the technology company's stock worth $4,126,000 after buying an additional 1,158 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in Dell Technologies by 14.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 264,100 shares of the technology company's stock worth $31,306,000 after acquiring an additional 33,000 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Dell Technologies by 16,925.2% in the third quarter. Sunbelt Securities Inc. now owns 21,622 shares of the technology company's stock valued at $2,563,000 after acquiring an additional 21,495 shares during the period. Institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. UBS Group cut their price objective on Dell Technologies from $164.00 to $158.00 and set a "buy" rating on the stock in a report on Friday, August 30th. TD Cowen reduced their price target on shares of Dell Technologies from $155.00 to $128.00 and set a "hold" rating for the company in a report on Friday, August 30th. Fox Advisors upgraded shares of Dell Technologies from an "equal weight" rating to an "overweight" rating in a report on Friday, August 30th. Barclays upped their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. Finally, Mizuho dropped their price target on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 27th. Three 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $148.06.

Insider Activity

In related news, CEO Michael S. Dell sold 500,000 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $117.93, for a total value of $58,965,000.00. Following the transaction, the chief executive officer now directly owns 36,412,241 shares in the company, valued at approximately $4,294,095,581.13. This represents a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company's stock, valued at $3,066,560. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,376,935 shares of company stock valued at $1,620,145,762 over the last ninety days. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Stock Down 0.6 %

Shares of DELL stock traded down $0.73 on Friday, reaching $118.45. The stock had a trading volume of 5,941,904 shares, compared to its average volume of 10,074,571. Dell Technologies Inc. has a 12 month low of $70.89 and a 12 month high of $179.70. The firm has a market capitalization of $83.20 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 1.26 and a beta of 0.90. The firm's 50-day moving average is $128.21 and its two-hundred day moving average is $125.03.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.32. The company 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 revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $1.62 earnings per share. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.50%. Dell Technologies's dividend payout ratio is currently 31.45%.

About Dell Technologies

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).