Hennion & Walsh Asset Management Inc. Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

Hennion & Walsh Asset Management Inc. boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 40.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,862 shares of the technology company's stock after purchasing an additional 10,060 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Dell Technologies were worth $4,017,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DELL. State Street Corp boosted its holdings in shares of Dell Technologies by 92.4% in 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 acquiring an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock valued at $746,596,000 after acquiring an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company's stock valued at $287,779,000 after purchasing an additional 2,415,234 shares during the period. Franklin Resources Inc. lifted its stake in shares of Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock valued at $131,170,000 after purchasing an additional 1,002,117 shares during the period. Finally, Alkeon Capital Management LLC lifted its stake in shares of Dell Technologies by 48.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company's stock valued at $254,479,000 after purchasing an additional 699,204 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Down 0.4 %

DELL stock traded down $0.46 during mid-day trading on Friday, hitting $109.65. 6,296,951 shares of the company were exchanged, compared to its average volume of 7,210,964. The firm has a market capitalization of $76.81 billion, a P/E ratio of 19.37, a PEG ratio of 1.21 and a beta of 0.92. The business has a fifty day simple moving average of $124.04 and a 200-day simple moving average of $120.75. Dell Technologies Inc. has a 12-month low of $77.70 and a 12-month high of $179.70.

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

Dell Technologies Dividend Announcement

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 given a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. Dell Technologies's dividend payout ratio is presently 31.45%.

Wall Street Analysts Forecast Growth

DELL has been the subject of several analyst reports. Barclays boosted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Citigroup reduced their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Melius Research increased their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $148.06.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm'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 sale, the director now owns 810,657 shares of the company's stock, valued at $97,059,962.61. This trade represents 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 through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 945,407 shares of company stock valued at $115,573,009. 46.70% of the stock is currently owned by corporate insiders.

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).