Fagan Associates Inc. grew its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 181.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,102 shares of the technology company's stock after purchasing an additional 18,757 shares during the quarter. Fagan Associates Inc.'s holdings in Dell Technologies were worth $3,354,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its holdings in shares of Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock worth $1,513,401,000 after buying an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock worth $746,596,000 after buying an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company's stock worth $287,779,000 after buying an additional 2,415,234 shares during the last quarter. Alkeon Capital Management LLC increased its holdings in shares of Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company's stock worth $254,479,000 after buying an additional 699,204 shares during the last quarter. Finally, Swedbank AB increased its holdings in shares of Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after buying an additional 1,690,709 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.
Insider Transactions at Dell Technologies
In related news, 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company's stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 937,407 shares of company stock valued at $114,418,186. Insiders own 46.70% of the company's stock.
Wall Street Analysts Forecast Growth
DELL has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday. Wells Fargo & Company lifted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Finally, Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $145.00.
Check Out Our Latest Stock Report on DELL
Dell Technologies Stock Performance
Shares of NYSE:DELL traded down $2.23 during trading on Friday, hitting $117.66. The company's stock had a trading volume of 5,654,105 shares, compared to its average volume of 8,291,970. The business has a 50 day moving average price of $113.12 and a two-hundred day moving average price of $117.42. The company has a market capitalization of $82.41 billion, a PE ratio of 20.79, a P/E/G ratio of 1.11 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $85.40 and a fifty-two week high of $179.70.
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 (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion during 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 company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 EPS. As a group, equities analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.
Dell Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.51%. Dell Technologies's dividend payout ratio (DPR) is currently 31.45%.
About Dell Technologies
(
Free Report)
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).
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