Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp raised its position in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 14.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,868 shares of the technology company’s stock after purchasing an additional 979 shares during the period. Van ECK Associates Corp’s holdings in Dell Technologies were worth $316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DELL. Brown Brothers Harriman & Co. acquired a new position in shares of Dell Technologies in the 1st quarter valued at $27,000. Accurate Wealth Management LLC bought a new stake in shares of Dell Technologies in the fourth quarter worth $26,000. Romano Brothers AND Company acquired a new position in Dell Technologies during the fourth quarter worth $27,000. Ellevest Inc. increased its holdings in shares of Dell Technologies by 156.2% in the third quarter. Ellevest Inc. now owns 802 shares of the technology company’s stock valued at $27,000 after purchasing an additional 489 shares during the last quarter. Finally, Armstrong Advisory Group Inc. acquired a new position in shares of Dell Technologies in the fourth quarter valued at about $60,000. 26.42% of the stock is currently owned by institutional investors.

Insider Activity at Dell Technologies

In related news, General Counsel Richard J. Rothberg sold 200,958 shares of the firm’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $45.36, for a total transaction of $9,115,454.88. Following the completion of the sale, the general counsel now directly owns 149,379 shares in the company, valued at $6,775,831.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Dell Technologies news, CAO Brunilda Rios sold 22,042 shares of the company’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $43.78, for a total transaction of $964,998.76. Following the sale, the chief accounting officer now directly owns 18,647 shares of the company’s stock, valued at $816,365.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Richard J. Rothberg sold 200,958 shares of the company’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $45.36, for a total transaction of $9,115,454.88. Following the sale, the general counsel now directly owns 149,379 shares in the company, valued at $6,775,831.44. The disclosure for this sale can be found here. Insiders have sold 522,371 shares of company stock worth $22,038,868 over the last quarter. 47.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DELL shares. Morgan Stanley raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $45.00 to $55.00 in a research report on Monday, May 1st. Barclays dropped their price target on Dell Technologies from $41.00 to $40.00 in a research report on Friday, March 3rd. Credit Suisse Group restated an “outperform” rating and issued a $50.00 target price on shares of Dell Technologies in a research report on Monday, March 6th. JPMorgan Chase & Co. cut Dell Technologies from an “overweight” rating to a “neutral” rating and set a $47.00 target price on the stock. in a research note on Monday, April 17th. Finally, The Goldman Sachs Group began coverage on Dell Technologies in a research note on Monday, March 20th. They issued a “buy” rating and a $43.00 target price on the stock. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.13.

Dell Technologies Stock Performance

Shares of DELL opened at $45.38 on Wednesday. The stock has a fifty day moving average of $41.46 and a two-hundred day moving average of $41.28. The company has a market capitalization of $33.18 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.89 and a beta of 1.03. Dell Technologies Inc. has a fifty-two week low of $32.90 and a fifty-two week high of $52.60.

Dell Technologies (NYSE:DELL – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The technology company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.17. The firm had revenue of $25.04 billion during the quarter, compared to the consensus estimate of $22.82 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 2.39%. As a group, equities research analysts forecast that Dell Technologies Inc. will post 4.24 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 5th. Shareholders of record on Tuesday, April 25th were paid a $0.37 dividend. The ex-dividend date was Monday, April 24th. This represents a $1.48 annualized dividend and a dividend yield of 3.26%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.33. Dell Technologies’s dividend payout ratio (DPR) is presently 45.96%.

About Dell Technologies

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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.