MML Investors Services LLC Grows Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

MML Investors Services LLC grew its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 72.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,518 shares of the technology company's stock after buying an additional 14,053 shares during the period. MML Investors Services LLC's holdings in Dell Technologies were worth $3,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Clean Yield Group purchased a new position in Dell Technologies in the 3rd quarter worth approximately $25,000. True Wealth Design LLC increased its stake in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after acquiring an additional 253 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in Dell Technologies during the second quarter valued at about $33,000. Crewe Advisors LLC bought a new stake in Dell Technologies during the second quarter worth about $34,000. Finally, MCF Advisors LLC boosted its holdings in shares of Dell Technologies by 132.0% in the 3rd 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. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the sale, the director now owns 777,347 shares of the company's stock, valued at $97,386,032.16. This trade represents a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 1,546,550 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $116.30, for a total transaction of $179,863,765.00. Following the completion of the transaction, the chief executive officer now owns 11,912,241 shares of the company's stock, valued at approximately $1,385,393,628.30. The trade was a 11.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,376,935 shares of company stock valued at $1,620,145,762. Corporate insiders own 46.70% of the company's stock.

Dell Technologies Stock Down 0.6 %

Shares of NYSE:DELL traded down $0.73 during trading on Friday, hitting $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 company has a market capitalization of $83.20 billion, a PE ratio of 20.93, a PEG ratio of 1.26 and a beta of 0.90. The firm's fifty day moving average is $128.21 and its 200 day moving average is $125.03.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 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 analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 earnings per share. Equities research analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm 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. This represents a $1.78 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 31.45%.

Analysts Set New Price Targets

A number of analysts recently weighed in on DELL shares. Evercore ISI restated an "outperform" rating and issued a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Raymond James cut their price target on shares of Dell Technologies from $166.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, December 2nd. Melius Research raised their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, Bank of America increased their price objective on Dell Technologies from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus 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).