Hudson Canyon Capital Management Raises Stake in Dell Technologies Inc. (NYSE:DELL)

Hudson Canyon Capital Management grew its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,250 shares of the technology company's stock after acquiring an additional 2,800 shares during the period. Dell Technologies comprises 1.7% of Hudson Canyon Capital Management's holdings, making the stock its 17th biggest position. Hudson Canyon Capital Management's holdings in Dell Technologies were worth $2,564,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DELL. Creative Planning boosted its holdings in Dell Technologies by 16.8% during the third quarter. Creative Planning now owns 98,961 shares of the technology company's stock worth $11,435,000 after buying an additional 14,217 shares in the last quarter. Optimist Retirement Group LLC boosted its holdings in Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock worth $256,000 after buying an additional 463 shares in the last quarter. Good Life Advisors LLC purchased a new stake in Dell Technologies during the third quarter worth $206,000. Global Retirement Partners LLC boosted its holdings in Dell Technologies by 10.0% during the third quarter. Global Retirement Partners LLC now owns 5,680 shares of the technology company's stock worth $673,000 after buying an additional 515 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Dell Technologies by 37.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,542 shares of the technology company's stock valued at $3,739,000 after purchasing an additional 8,622 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

DELL stock traded down $2.23 during midday trading on Friday, reaching $117.66. 5,654,105 shares of the company were exchanged, compared to its average volume of 8,291,970. Dell Technologies Inc. has a 1-year low of $85.40 and a 1-year high of $179.70. The stock's 50-day simple moving average is $113.12 and its 200 day simple moving average is $117.42. The company has a market cap of $82.41 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90.

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 for the quarter, topping analysts' consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $1.62 earnings per share. On average, research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced 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 was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. Dell Technologies's payout ratio is 31.45%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays increased 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. Morgan Stanley decreased their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, December 2nd. Mizuho decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Wednesday, November 27th. Finally, OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and an average target price of $145.00.

Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company's stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business's 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 in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 937,407 shares of company stock valued at $114,418,186 in the last ninety days. 46.70% of the stock is currently owned by company insiders.

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).