Envestnet Portfolio Solutions Inc. Has $1.93 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

Envestnet Portfolio Solutions Inc. boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 93.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,765 shares of the technology company's stock after buying an additional 8,113 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Dell Technologies were worth $1,932,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp boosted its position in Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock valued at $1,513,401,000 after purchasing an additional 6,131,507 shares during the period. Geode Capital Management LLC increased its holdings in shares of Dell Technologies by 71.8% during the third 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 during the period. Bank of New York Mellon Corp lifted its stake in shares of Dell Technologies by 63.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company's stock worth $337,796,000 after acquiring an additional 1,139,318 shares during the period. Alkeon Capital Management LLC raised its holdings in Dell Technologies by 48.3% during the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company's stock worth $254,479,000 after purchasing an additional 699,204 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Dell Technologies by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,938,713 shares of the technology company's stock worth $223,417,000 after purchasing an additional 213,240 shares during the period. Institutional investors own 76.37% of the company's stock.

Remove Ads

Dell Technologies Price Performance

DELL traded down $1.09 on Tuesday, reaching $98.72. 4,801,322 shares of the company traded hands, compared to its average volume of 10,064,053. The company has a market cap of $69.15 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.10 and a beta of 0.83. The stock's 50 day moving average price is $105.38 and its 200-day moving average price is $116.61. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.13%. Dell Technologies's dividend payout ratio is 33.76%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 824,937 shares of company stock valued at $100,327,453. Insiders own 46.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. TD Cowen dropped their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company dropped their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. UBS Group reduced their target price on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, Mizuho dropped 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. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.24.

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).