Highland Capital Management LLC boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 273.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,347 shares of the technology company's stock after buying an additional 25,891 shares during the quarter. Highland Capital Management LLC's holdings in Dell Technologies were worth $4,073,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of DELL. Marshall Wace LLP acquired a new stake in Dell Technologies in the 2nd quarter valued at approximately $470,000. The Manufacturers Life Insurance Company grew its stake in Dell Technologies by 9.2% in the second quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company's stock valued at $3,111,000 after purchasing an additional 1,902 shares in the last quarter. Creative Planning grew its stake in Dell Technologies by 112.0% in the second quarter. Creative Planning now owns 84,744 shares of the technology company's stock valued at $11,687,000 after purchasing an additional 44,763 shares in the last quarter. NewEdge Advisors LLC grew its stake in Dell Technologies by 15.6% in the second quarter. NewEdge Advisors LLC now owns 35,168 shares of the technology company's stock valued at $4,850,000 after purchasing an additional 4,755 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in Dell Technologies by 84.3% in the second quarter. B. Riley Wealth Advisors Inc. now owns 24,370 shares of the technology company's stock valued at $3,361,000 after purchasing an additional 11,145 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.
Insider Buying and Selling at Dell Technologies
In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 946,132 shares of company stock worth $115,660,009. Insiders own 46.70% of the company's stock.
Dell Technologies Trading Up 2.0 %
DELL traded up $2.07 on Thursday, reaching $105.17. The stock had a trading volume of 5,573,049 shares, compared to its average volume of 8,348,585. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70. The firm has a 50-day moving average of $118.81 and a 200-day moving average of $118.40. The company has a market capitalization of $73.66 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92.
Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $24.37 billion during the quarter, compared to analysts' expectations of $24.67 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The business's revenue for the quarter 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 business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.69%. Dell Technologies's dividend payout ratio (DPR) is presently 31.45%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on DELL. Evercore ISI restated an "outperform" rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Citigroup reduced their target price on Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Mizuho reduced their target price on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. Barclays lifted their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley lifted their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $148.06.
Check Out Our Latest Report on Dell Technologies
About Dell Technologies
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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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