Future Fund LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Future Fund LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,000 shares of the technology company’s stock, valued at approximately $691,000. Dell Technologies accounts for about 2.0% of Future Fund LLC’s holdings, making the stock its 25th biggest holding.

A number of other institutional investors have also recently modified their holdings of DELL. State Street Corp increased its holdings in Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after buying an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC increased its stake in Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after purchasing an additional 2,641,456 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after purchasing an additional 1,139,318 shares during the last quarter. Alkeon Capital Management LLC boosted its position in Dell Technologies by 48.3% during the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after purchasing an additional 699,204 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Dell Technologies by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,938,713 shares of the technology company’s stock valued at $223,417,000 after purchasing an additional 213,240 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DELL has been the subject of several research reports. Morgan Stanley cut their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group reduced their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Evercore ISI reissued an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Finally, Citigroup dropped their price target on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the transaction, the director now owns 810,657 shares in the company, valued at $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 825,662 shares of company stock worth $100,414,453. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Stock Down 1.8 %

DELL stock opened at $91.37 on Monday. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70. The company has a market cap of $64.00 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.10 and a beta of 0.83. The business has a fifty day simple moving average of $110.13 and a 200-day simple moving average of $117.81.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s payout ratio is currently 33.76%.

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).