Maverick Capital Ltd. Purchases 18,254 Shares of Dell Technologies Inc. (NYSE:DELL)

Maverick Capital Ltd. lifted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 116.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,966 shares of the technology company's stock after buying an additional 18,254 shares during the period. Maverick Capital Ltd.'s holdings in Dell Technologies were worth $4,026,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DELL. National Pension Service increased its position in Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company's stock worth $73,543,000 after buying an additional 50,304 shares during the last quarter. Woodmont Investment Counsel LLC acquired a new stake in Dell Technologies in the 3rd quarter valued at $5,780,000. Harvey Capital Management Inc. acquired a new stake in shares of Dell Technologies during the third quarter worth approximately $2,848,000. Chicago Capital LLC raised its position in Dell Technologies by 3.7% in the 3rd quarter. Chicago Capital LLC now owns 121,466 shares of the technology company's stock valued at $14,399,000 after purchasing an additional 4,385 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in Dell Technologies by 114.2% during the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company's stock worth $1,163,000 after buying an additional 5,432 shares in the last quarter. Institutional investors own 38.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DELL shares. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a research note on Friday, September 27th. They issued a "buy" rating and a $144.00 price target on the stock. Susquehanna initiated coverage on Dell Technologies in a report on Tuesday, September 10th. They issued a "neutral" rating and a $120.00 price target on the stock. Barclays raised their price objective on Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on Dell Technologies from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Finally, Fox Advisors raised Dell Technologies from an "equal weight" rating to an "overweight" rating in a report on Friday, August 30th. Three equities research 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 currently has an average rating of "Moderate Buy" and an average price target of $148.18.

Dell Technologies Stock Up 2.6 %

Shares of DELL traded up $3.21 during midday trading on Friday, hitting $127.59. The company's stock had a trading volume of 9,534,508 shares, compared to its average volume of 10,140,021. Dell Technologies Inc. has a one year low of $67.51 and a one year high of $179.70. The stock has a market capitalization of $89.62 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89. The company's fifty day simple moving average is $127.41 and its two-hundred day simple moving average is $126.91.

Dell Technologies (NYSE:DELL - Get Free Report) last posted 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 company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.62 EPS. On average, research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 31.45%.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction on Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the sale, the chief executive officer now owns 18,350,822 shares of the company's stock, valued at approximately $1,957,665,690.96. This trade represents a 9.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares of the company's stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,962,112 shares of company stock worth $2,114,595,059 over the last ninety days. 46.70% of the stock is owned by insiders.

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).