Franklin Resources Inc. Buys 1,002,117 Shares of Dell Technologies Inc. (NYSE:DELL)

Franklin Resources Inc. boosted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 5,047.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,021,971 shares of the technology company's stock after purchasing an additional 1,002,117 shares during the period. Franklin Resources Inc. owned about 0.15% of Dell Technologies worth $131,170,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DELL. Intrepid Financial Planning Group LLC boosted its stake in Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company's stock valued at $1,423,000 after purchasing an additional 80 shares in the last quarter. Smithfield Trust Co boosted its stake in Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company's stock worth $134,000 after purchasing an additional 84 shares during the period. Graypoint LLC grew its position in Dell Technologies by 4.3% during the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company's stock worth $247,000 after purchasing an additional 86 shares in the last quarter. Affinity Wealth Management LLC raised its stake in Dell Technologies by 2.5% during the 3rd quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company's stock valued at $422,000 after purchasing an additional 87 shares during the period. Finally, ASB Consultores LLC lifted its holdings in shares of Dell Technologies by 4.6% in the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company's stock valued at $236,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on DELL shares. Evercore ISI restated an "outperform" rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. Bank of America lifted their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Barclays upped their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Finally, Raymond James cut their price objective on Dell Technologies from $166.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and an average price target of $148.06.

Dell Technologies Trading Up 0.7 %

DELL traded up $0.82 on Monday, reaching $119.27. The stock had a trading volume of 6,725,964 shares, compared to its average volume of 10,060,790. The firm has a 50-day moving average of $128.21 and a 200-day moving average of $124.36. Dell Technologies Inc. has a fifty-two week low of $71.04 and a fifty-two week high of $179.70. The company has a market capitalization of $83.77 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the previous year, the business earned $1.62 EPS. The business's quarterly revenue was up 9.5% compared to the same quarter last year. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.49%. Dell Technologies's payout ratio is 31.45%.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the transaction, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. This represents a 11.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now owns 228,419 shares of the company's stock, valued at $28,739,678.58. This represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,376,935 shares of company stock worth $1,620,145,762. Insiders own 46.70% of the company's stock.

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).