LSV Asset Management grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,028,475 shares of the technology company's stock after purchasing an additional 283,988 shares during the period. LSV Asset Management owned 0.82% of Dell Technologies worth $205,993,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of DELL. Toronto Dominion Bank increased its holdings in shares of Dell Technologies by 3.9% in the 2nd quarter. Toronto Dominion Bank now owns 64,703 shares of the technology company's stock worth $2,989,000 after acquiring an additional 2,419 shares during the period. Candriam S.C.A. grew its position in Dell Technologies by 34.3% in the 2nd quarter. Candriam S.C.A. now owns 129,906 shares of the technology company's stock valued at $6,002,000 after buying an additional 33,189 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in Dell Technologies in the 2nd quarter valued at about $394,000. UBS Asset Management Americas Inc. grew its position in Dell Technologies by 1.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,384,737 shares of the technology company's stock valued at $63,989,000 after buying an additional 19,968 shares in the last quarter. Finally, Bowling Portfolio Management LLC bought a new position in Dell Technologies in the 3rd quarter valued at about $911,000. 26.42% of the stock is owned by institutional investors and hedge funds.
Get Dell Technologies alerts:Dell Technologies Stock Performance
Shares of DELL traded up $0.05 during mid-day trading on Monday, hitting $40.36. The company's stock had a trading volume of 209,541 shares, compared to its average volume of 2,835,676. Dell Technologies Inc. has a one year low of $32.90 and a one year high of $61.54. The stock's 50-day moving average is $41.29 and its two-hundred day moving average is $40.71. The firm has a market capitalization of $28.90 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 0.52 and a beta of 0.98.
Dell Technologies (NYSE:DELL – Get Rating) last announced its quarterly earnings data on Monday, November 21st. The technology company reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.69. Dell Technologies had a net margin of 1.74% and a negative return on equity of 208.47%. The business had revenue of $24.72 million during the quarter, compared to analyst estimates of $24.61 billion. During the same quarter in the prior year, the business earned $2.37 earnings per share. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. Analysts expect that Dell Technologies Inc. will post 6.43 EPS for the current fiscal year.Dell Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, February 3rd. Investors of record on Wednesday, January 25th will be paid a $0.33 dividend. The ex-dividend date is Tuesday, January 24th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.27%. Dell Technologies's payout ratio is 55.46%.
Insiders Place Their Bets
In other news, insider William F. Scannell sold 91,938 shares of the stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $42.62, for a total value of $3,918,397.56. Following the completion of the transaction, the insider now owns 178,627 shares in the company, valued at approximately $7,613,082.74. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 47.30% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on DELL. Raymond James increased their target price on shares of Dell Technologies from $47.00 to $50.00 and gave the company an "outperform" rating in a research report on Tuesday, November 22nd. Barclays decreased their target price on shares of Dell Technologies from $49.00 to $41.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 22nd. Morgan Stanley decreased their target price on shares of Dell Technologies from $54.00 to $45.00 and set an "equal weight" rating for the company in a research report on Monday, October 17th. Evercore ISI reduced their price objective on shares of Dell Technologies from $50.00 to $48.00 in a research report on Tuesday, November 22nd. Finally, Jefferies Financial Group began coverage on shares of Dell Technologies in a research report on Monday, October 31st. They set a "hold" rating and a $39.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $49.63.
Dell Technologies Company Profile
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Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.
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