Congress Asset Management Co. Invests $100.87 Million in Dell Technologies Inc. (NYSE:DELL)

Congress Asset Management Co. acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 875,297 shares of the technology company's stock, valued at approximately $100,869,000. Congress Asset Management Co. owned 0.12% of Dell Technologies as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock valued at $1,513,401,000 after acquiring an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC raised its position in Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock valued at $746,596,000 after purchasing an additional 2,641,456 shares in the last quarter. International Assets Investment Management LLC lifted 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 buying an additional 2,415,234 shares during the period. Swedbank AB grew its position in shares of Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after buying an additional 1,690,709 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Dell Technologies by 5,047.4% during the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock valued at $131,170,000 after buying an additional 1,002,117 shares during the period. Institutional investors own 76.37% of the company's stock.

Dell Technologies Price Performance

Dell Technologies stock traded up $0.62 during trading hours on Wednesday, hitting $120.96. 6,710,150 shares of the stock traded hands, compared to its average volume of 8,461,152. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70. The stock has a market capitalization of $84.73 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.00 and a beta of 0.90. The firm's 50 day moving average price is $113.06 and its 200-day moving average price is $117.38.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the prior year, the company earned $1.62 EPS. Dell Technologies's quarterly revenue was up 9.5% on a year-over-year basis. Research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies's payout ratio is 31.45%.

Insiders Place Their Bets

In related news, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the sale, the chief financial officer now owns 228,419 shares in the company, valued at approximately $28,739,678.58. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares of the company's stock, valued at $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 three months, insiders have sold 945,407 shares of company stock valued at $115,564,106. Company insiders own 46.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DELL. JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Barclays lifted their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Citigroup lowered their target price 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 cut their price target on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $145.65.

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).