Todd Asset Management LLC Has $47.11 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

Todd Asset Management LLC cut its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 21.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 615,803 shares of the technology company's stock after selling 169,480 shares during the quarter. Dell Technologies comprises about 1.0% of Todd Asset Management LLC's investment portfolio, making the stock its 17th largest position. Todd Asset Management LLC owned approximately 0.09% of Dell Technologies worth $47,109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. FMR LLC increased its position in shares of Dell Technologies by 59.6% in the third quarter. FMR LLC now owns 9,376,674 shares of the technology company's stock valued at $646,053,000 after buying an additional 3,499,760 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Dell Technologies by 96.9% in the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company's stock valued at $346,137,000 after purchasing an additional 2,472,866 shares in the last quarter. Alkeon Capital Management LLC grew its position in shares of Dell Technologies by 241.9% in the third quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company's stock valued at $294,453,000 after purchasing an additional 3,023,625 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Dell Technologies by 45.0% during the 3rd quarter. Acadian Asset Management LLC now owns 3,216,861 shares of the technology company's stock worth $221,605,000 after purchasing an additional 998,298 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Dell Technologies by 31.7% during the 3rd quarter. Jennison Associates LLC now owns 2,025,036 shares of the technology company's stock worth $139,525,000 after purchasing an additional 487,332 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DELL shares. TD Cowen raised their price target on Dell Technologies from $75.00 to $105.00 and gave the stock a "market perform" rating in a research report on Friday, March 1st. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Evercore ISI lifted their price target on shares of Dell Technologies from $95.00 to $125.00 and gave the stock an "outperform" rating in a report on Friday, March 1st. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $85.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. Finally, Loop Capital initiated coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They issued a "buy" rating and a $125.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $104.63.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the company's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the sale, the director now owns 535,816 shares of the company's stock, valued at $71,997,595.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction that occurred 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 sale, the director now owns 535,816 shares in the company, valued at $71,997,595.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the company's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the transaction, the director now owns 408,694 shares of the company's stock, valued at $51,626,226.08. The disclosure for this sale can be found here. In the last three months, insiders sold 6,382,204 shares of company stock worth $718,452,037. Corporate insiders own 48.60% of the company's stock.

Dell Technologies Price Performance

DELL stock traded up $1.71 during trading on Friday, reaching $125.10. 3,942,765 shares of the stock traded hands, compared to its average volume of 6,811,654. The business's 50 day moving average price is $116.47 and its 200-day moving average price is $90.34. The firm has a market capitalization of $89.30 billion, a PE ratio of 28.63, a P/E/G ratio of 1.58 and a beta of 0.87. Dell Technologies Inc. has a 52-week low of $44.08 and a 52-week high of $136.16.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.47. The business had revenue of $22.32 billion during the quarter, compared to analysts' expectations of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The company's revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 EPS. On average, equities research analysts predict that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

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

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).