Geode Capital Management LLC Has $746.60 Million Stake in Dell Technologies Inc. (NYSE:DELL)

Geode Capital Management LLC grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 71.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,317,829 shares of the technology company's stock after buying an additional 2,641,456 shares during the quarter. Geode Capital Management LLC owned 0.90% of Dell Technologies worth $746,596,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Clean Yield Group bought a new position in Dell Technologies in the 3rd quarter worth about $25,000. Accordant Advisory Group Inc acquired a new stake in Dell Technologies in the 2nd quarter valued at approximately $28,000. True Wealth Design LLC raised its stake in Dell Technologies by 2,530.0% during the 3rd 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 in the last quarter. Nemes Rush Group LLC bought a new position in shares of Dell Technologies in the second quarter worth $33,000. Finally, Crewe Advisors LLC acquired a new position in shares of Dell Technologies during the second quarter valued at $34,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the transaction, the director now owns 23,680 shares of the company's stock, valued at approximately $3,066,560. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $2,070,058,298.40. This trade represents a 37.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,409,903 shares of company stock valued at $1,737,563,234. Insiders own 46.70% of the company's stock.

Dell Technologies Stock Up 0.4 %

Shares of NYSE:DELL traded up $0.50 during trading on Thursday, reaching $119.19. 5,388,246 shares of the company traded hands, compared to its average volume of 10,091,743. Dell Technologies Inc. has a 1-year low of $69.26 and a 1-year high of $179.70. The firm has a market cap of $83.72 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The firm has a fifty day simple moving average of $128.18 and a 200 day simple moving average of $125.37.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 earnings per share. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DELL shares. Citigroup reduced their price target on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Bank of America lifted their price target on Dell Technologies from $150.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Melius Research raised their target price on Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Wells Fargo & Company upped their price target 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 cut their target price on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. 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, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target 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).