Tidal Investments LLC Has $17.47 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

Tidal Investments LLC grew its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 49.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 147,383 shares of the technology company's stock after acquiring an additional 48,436 shares during the quarter. Tidal Investments LLC's holdings in Dell Technologies were worth $17,471,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Clean Yield Group purchased a new position in shares of Dell Technologies in the third quarter valued at approximately $25,000. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies during the second quarter worth about $28,000. True Wealth Design LLC boosted its position in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after purchasing an additional 253 shares during the period. Nemes Rush Group LLC acquired a new position in Dell Technologies during the second quarter worth approximately $33,000. Finally, Crewe Advisors LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $34,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the transaction, the director now owns 23,680 shares of the company's stock, valued at approximately $3,066,560. This represents a 2.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 16,912,241 shares of the company's stock, valued at $2,070,058,298.40. This trade represents a 37.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,409,903 shares of company stock worth $1,737,563,234. Company insiders own 46.70% of the company's stock.

Dell Technologies Stock Performance

Shares of DELL traded up $0.50 during trading hours on Thursday, hitting $119.19. 5,388,246 shares of the company were exchanged, compared to its average volume of 10,091,743. Dell Technologies Inc. has a 52 week low of $69.26 and a 52 week high of $179.70. The firm's 50 day moving average is $128.18 and its 200-day moving average is $125.37. The company has a market cap of $83.72 billion, a PE ratio of 21.06, a PEG ratio of 1.30 and a beta of 0.90.

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 analysts' consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.49%. Dell Technologies's dividend payout ratio is 31.45%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DELL. UBS Group reduced their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Raymond James decreased their target price on Dell Technologies from $166.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, August 30th. Bank of America upped their price objective on Dell Technologies from $150.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Sanford C. Bernstein decreased their target price on shares of Dell Technologies from $155.00 to $140.00 and set an "outperform" rating on the stock in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and an average target price of $148.06.

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).