Todd Asset Management LLC Raises Position in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Todd Asset Management LLC increased its stake in Dell Technologies Inc. by 52.1%, now holding 617,820 shares worth approximately $56.3 million.
• Wall Street analysts have mixed views on Dell Technologies, with 16 buy ratings and an average price target of $140.06, despite some analysts downgrading the stock's ratings.
• Dell Technologies recently reported earnings of $1.55 per share, falling short of estimates, yet the company's quarterly revenue was up 5.1% year-over-year.

Todd Asset Management LLC grew its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 52.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 617,820 shares of the technology company's stock after purchasing an additional 211,671 shares during the period. Dell Technologies makes up 1.3% of Todd Asset Management LLC's portfolio, making the stock its 16th biggest holding. Todd Asset Management LLC owned about 0.09% of Dell Technologies worth $56,314,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. Brighton Jones LLC grew its position in Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after acquiring an additional 901 shares in the last quarter. Bessemer Group Inc. boosted its position in Dell Technologies by 7.5% during the fourth quarter. Bessemer Group Inc. now owns 15,341 shares of the technology company's stock valued at $1,767,000 after buying an additional 1,064 shares during the period. Rockefeller Capital Management L.P. boosted its position in Dell Technologies by 19.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 138,395 shares of the technology company's stock valued at $15,949,000 after buying an additional 22,077 shares during the period. Qtron Investments LLC purchased a new stake in Dell Technologies during the fourth quarter valued at about $519,000. Finally, Townsquare Capital LLC boosted its position in Dell Technologies by 21.0% during the fourth quarter. Townsquare Capital LLC now owns 5,689 shares of the technology company's stock valued at $656,000 after buying an additional 989 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DELL has been the subject of several analyst reports. Evercore ISI upped their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday. KeyCorp assumed coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating for the company. Mizuho upped their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Finally, UBS Group lowered their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $143.00.

Insider Buying and Selling

In related news, Director William D. Green sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $140.00, for a total value of $7,000,000.00. Following the sale, the director owned 45,045 shares in the company, valued at approximately $6,306,300. This trade represents a 52.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the sale, the chief executive officer owned 25,912,241 shares in the company, valued at $3,168,289,707.07. This represents a 27.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,989,063 shares of company stock valued at $1,583,673,412 in the last ninety days. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Stock Down 0.7%

Shares of NYSE DELL traded down $0.99 on Friday, reaching $137.88. 1,871,166 shares of the company's stock traded hands, compared to its average volume of 7,153,286. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The business's 50 day simple moving average is $125.30 and its two-hundred day simple moving average is $108.42. The company has a market cap of $93.60 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same quarter in the prior year, the business posted $1.27 EPS. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were issued a $0.525 dividend. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.5%. Dell Technologies's dividend payout ratio (DPR) is currently 33.49%.

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).