Metis Global Partners LLC Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

Metis Global Partners LLC increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 78.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,175 shares of the technology company's stock after purchasing an additional 6,674 shares during the period. Metis Global Partners LLC's holdings in Dell Technologies were worth $1,799,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Dell Technologies by 22.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company's stock valued at $15,482,000 after acquiring an additional 25,117 shares in the last quarter. LRI Investments LLC bought a new position in shares of Dell Technologies in the first quarter valued at approximately $104,000. National Pension Service lifted its holdings in Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company's stock worth $73,543,000 after acquiring an additional 50,304 shares during the period. Woodmont Investment Counsel LLC purchased a new stake in shares of Dell Technologies during the 3rd quarter valued at $5,780,000. Finally, Harvey Capital Management Inc. purchased a new stake in Dell Technologies during the third quarter worth about $2,848,000. Institutional investors and hedge funds own 38.10% of the company's stock.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This represents a 9.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company's stock, valued at approximately $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,953,387 shares of company stock worth $2,113,353,236. Insiders own 46.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Mizuho initiated coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They set an "outperform" rating and a $135.00 target price for the company. Citigroup increased their target price on Dell Technologies from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Morgan Stanley boosted their price objective on Dell Technologies from $136.00 to $154.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. TD Cowen decreased their price target on Dell Technologies from $155.00 to $128.00 and set a "hold" rating on the stock in a research report on Friday, August 30th. Finally, Wells Fargo & Company dropped their price target on Dell Technologies from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $144.63.

Dell Technologies Stock Down 2.1 %

Shares of NYSE DELL traded down $2.79 during trading on Friday, reaching $131.64. 5,010,102 shares of the company traded hands, compared to its average volume of 10,081,875. Dell Technologies Inc. has a 52-week low of $67.51 and a 52-week high of $179.70. The firm has a 50 day simple moving average of $123.03 and a 200-day simple moving average of $126.39. The stock has a market capitalization of $92.46 billion, a PE ratio of 24.19, a P/E/G ratio of 1.42 and a beta of 0.89.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analysts' expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. As a group, research analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.35%. Dell Technologies's payout ratio is 32.72%.

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).