35,000 Shares in Dell Technologies Inc. (NYSE:DELL) Purchased by River Global Investors LLP

River Global Investors LLP bought a new position in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, HoldingsChannel.com reports. The fund bought 35,000 shares of the technology company’s stock, valued at approximately $2,677,000.

Other large investors have also made changes to their positions in the company. Greenleaf Trust boosted its position in Dell Technologies by 1.2% during the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock worth $772,000 after acquiring an additional 122 shares during the period. ORG Partners LLC boosted its holdings in shares of Dell Technologies by 19.0% during the fourth quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after purchasing an additional 140 shares during the period. Signet Financial Management LLC increased its stake in Dell Technologies by 0.4% in the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock valued at $3,083,000 after buying an additional 153 shares during the period. Sequoia Financial Advisors LLC lifted its position in Dell Technologies by 5.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,921 shares of the technology company’s stock worth $270,000 after buying an additional 188 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after buying an additional 188 shares during the period. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $1.71 during midday trading on Friday, hitting $125.10. The company’s stock had a trading volume of 3,942,765 shares, compared to its average volume of 6,811,654. The stock’s 50 day simple moving average is $115.77 and its 200 day simple moving average is $89.63. The stock has a market capitalization of $89.30 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 1.56 and a beta of 0.87. Dell Technologies Inc. has a fifty-two week low of $44.08 and a fifty-two week high of $136.16.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the firm posted $1.55 EPS. The company’s revenue was down 10.9% on a year-over-year basis. As a group, analysts anticipate that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd were paid a dividend of $0.445 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Monday, April 22nd. Dell Technologies’s dividend payout ratio is presently 40.73%.

Insider Buying and Selling at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the transaction, the director now owns 535,816 shares in the company, valued at approximately $71,997,595.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Jennifer D. Saavedra sold 18,260 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the transaction, the insider now directly owns 206,961 shares of the company’s stock, valued at $24,856,016.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the sale, the director now directly owns 535,816 shares in the company, valued at approximately $71,997,595.92. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock valued at $718,452,037 in the last ninety days. Company insiders own 48.60% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Morgan Stanley raised their price target on Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Evercore ISI boosted their price target on Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Loop Capital assumed coverage on shares of Dell Technologies in a research report on Wednesday, February 28th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $104.63.

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).