NYSE:DELL - Free Report ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,320 shares of the technology company's stock, valued at approximately $1,401,000. Dell Technologies makes up about 1.3% of Arlington Capital Management Inc.'s investment portfolio, making the stock its 20th largest position.
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Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Raymond James & Associates increased its stake in shares of Dell Technologies by 27.2% in the 4th quarter. Raymond James & Associates now owns 273,676 shares of the technology company's stock worth $20,936,000 after acquiring an additional 58,590 shares during the last quarter. Nordea Investment Management AB raised its stake in Dell Technologies by 158.3% during the fourth quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company's stock worth $17,762,000 after purchasing an additional 142,337 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Dell Technologies by 1,475.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company's stock valued at $22,230,000 after purchasing an additional 272,144 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Dell Technologies by 13.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,380 shares of the technology company's stock valued at $6,226,000 after buying an additional 9,538 shares during the period. Finally, AustralianSuper Pty Ltd increased its holdings in shares of Dell Technologies by 14.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,339,514 shares of the technology company's stock worth $102,473,000 after buying an additional 164,930 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling In other Dell Technologies news, CEO Michael S. Dell sold 41,550 shares of the firm's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $107.03, for a total value of $4,447,096.50. Following the sale, the chief executive officer now directly owns 36,389,719 shares in the company, valued at $3,894,791,624.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . In other Dell Technologies news, CEO Michael S. Dell sold 41,550 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the sale, the chief executive officer now owns 36,389,719 shares of the company's stock, valued at $3,894,791,624.57. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, General Counsel Richard J. Rothberg sold 93,954 shares of the company's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the completion of the transaction, the general counsel now owns 86,836 shares of the company's stock, valued at approximately $11,544,846.20. The disclosure for this sale can be found here . Over the last quarter, 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 Shares of NYSE DELL traded up $0.13 during mid-day trading on Thursday, hitting $131.74. The company had a trading volume of 6,672,123 shares, compared to its average volume of 6,945,267. Dell Technologies Inc. has a 1-year low of $44.19 and a 1-year high of $136.16. The company has a market capitalization of $94.03 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.58 and a beta of 0.87. The business's 50-day simple moving average is $119.43 and its 200 day simple moving average is $91.78.
Dell Technologies (NYSE:DELL - Get Free Report ) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $22.32 billion during the quarter, compared to analysts' expectations of $22.17 billion. The business's quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. On average, analysts expect that Dell Technologies Inc. will post 6.58 EPS for the current year.
Dell Technologies Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were given 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 dividend yield of 1.35%. The ex-dividend date of this dividend was Monday, April 22nd. Dell Technologies's payout ratio is 40.73%.
Analyst Upgrades and Downgrades DELL has been the subject of several analyst reports. Loop Capital assumed coverage on Dell Technologies in a research report on Wednesday, February 28th. They issued a "buy" rating and a $125.00 price objective for the company. Sanford C. Bernstein raised their price objective on Dell Technologies from $90.00 to $120.00 and gave the stock an "outperform" 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 research report on Thursday, February 22nd. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $85.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, March 1st. Finally, TD Cowen upped their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a "market perform" rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $104.63.
Read Our Latest Stock Analysis on DELL
About Dell Technologies (
Free Report )
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).
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