Rhumbline Advisers Grows Holdings in Dell Technologies Inc. (NYSE:DELL)

Rhumbline Advisers boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 635,264 shares of the technology company's stock after purchasing an additional 24,205 shares during the period. Rhumbline Advisers owned approximately 0.09% of Dell Technologies worth $73,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new stake in Dell Technologies in the fourth quarter worth about $28,000. True Wealth Design LLC increased its position in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock worth $31,000 after acquiring an additional 253 shares during the period. MCF Advisors LLC increased its position in shares of Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock worth $34,000 after acquiring an additional 165 shares during the period. Covestor Ltd increased its position in shares of Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company's stock worth $35,000 after acquiring an additional 218 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock worth $36,000 after acquiring an additional 111 shares during the period. Institutional investors own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DELL. Mizuho reduced their target price on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 27th. Citigroup reduced their target price on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley reduced their target price on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Evercore ISI reissued an "outperform" rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $145.65.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares of the company's stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 945,407 shares of company stock worth $115,564,106. Company insiders own 46.70% of the company's stock.

Dell Technologies Price Performance

NYSE DELL traded up $0.62 on Wednesday, hitting $120.96. The stock had a trading volume of 6,719,004 shares, compared to its average volume of 8,461,887. The business's fifty day moving average price is $113.06 and its 200 day moving average price is $117.38. Dell Technologies Inc. has a 52-week low of $80.49 and a 52-week high of $179.70. The stock has a market cap of $84.73 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data 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 net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.47%. Dell Technologies's payout ratio is currently 31.45%.

Dell Technologies 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).