Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 4.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 635,264 shares of the technology company’s stock after purchasing an additional 24,205 shares during the quarter. Rhumbline Advisers’ holdings in Dell Technologies were worth $73,208,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Creative Planning lifted its stake in Dell Technologies by 16.8% during the third quarter. Creative Planning now owns 98,961 shares of the technology company’s stock valued at $11,435,000 after purchasing an additional 14,217 shares during the last quarter. Optimist Retirement Group LLC increased its holdings in shares of Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after buying an additional 463 shares in the last quarter. Good Life Advisors LLC bought a new position in shares of Dell Technologies in the third quarter valued at $206,000. Global Retirement Partners LLC increased its holdings in shares of Dell Technologies by 10.0% in the third quarter. Global Retirement Partners LLC now owns 5,680 shares of the technology company’s stock valued at $673,000 after buying an additional 515 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Dell Technologies by 37.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,542 shares of the technology company’s stock valued at $3,739,000 after buying an additional 8,622 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the topic of several research reports. Mizuho dropped their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Citigroup dropped their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $145.94.

Dell Technologies Stock Up 3.6 %

Dell Technologies stock opened at $114.28 on Monday. The stock has a market cap of $80.05 billion, a P/E ratio of 20.19, a P/E/G ratio of 0.91 and a beta of 0.90. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70. The company’s fifty day simple moving average is $113.18 and its 200-day simple moving average is $117.18.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 earnings per share. On average, equities research analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated 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 in the company, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 945,407 shares of company stock worth $115,564,106. Corporate insiders own 46.70% of the company’s stock.

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).