Sky Investment Group LLC Acquires Shares of 14,640 Dell Technologies Inc. (NYSE:DELL)

Sky Investment Group LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,640 shares of the technology company's stock, valued at approximately $1,687,000.

A number of other hedge funds have also made changes to their positions in the business. State Street Corp grew its stake in Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock worth $1,513,401,000 after buying an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC lifted its position in Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock worth $746,596,000 after acquiring an additional 2,641,456 shares during the period. International Assets Investment Management LLC lifted its position in Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company's stock worth $287,779,000 after acquiring an additional 2,415,234 shares during the period. Franklin Resources Inc. lifted its position in Dell Technologies by 5,047.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock worth $131,170,000 after acquiring an additional 1,002,117 shares during the period. Finally, Alkeon Capital Management LLC lifted its position in Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company's stock worth $254,479,000 after acquiring an additional 699,204 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Up 1.8 %

Shares of NYSE:DELL traded up $1.95 during midday trading on Tuesday, reaching $111.59. The company's stock had a trading volume of 8,395,391 shares, compared to its average volume of 7,311,250. The firm has a market cap of $78.17 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70. The business has a 50 day moving average price of $122.42 and a 200 day moving average price of $119.90.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The business's revenue for the quarter was up 9.5% on a year-over-year basis. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.60%. Dell Technologies's payout ratio is 31.45%.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company's stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 945,407 shares of company stock worth $115,573,009. Company insiders own 46.70% of the company's stock.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Barclays raised their price target on Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Citigroup reduced their price target on Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price target on Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a report on Monday, December 2nd. Finally, Morgan Stanley raised their price target on Dell Technologies from $136.00 to $154.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $148.06.

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).