International Assets Investment Management LLC Acquires Shares of 66,938 Dell Technologies Inc. (NYSE:DELL)

International Assets Investment Management LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 66,938 shares of the technology company’s stock, valued at approximately $5,121,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Dell Technologies by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 17,498,328 shares of the technology company’s stock valued at $878,241,000 after buying an additional 301,756 shares during the last quarter. FMR LLC lifted its position in shares of Dell Technologies by 59.6% during the third quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock worth $646,053,000 after purchasing an additional 3,499,760 shares during the last quarter. State Street Corp lifted its position in shares of Dell Technologies by 2.0% during the first quarter. State Street Corp now owns 7,107,031 shares of the technology company’s stock worth $356,702,000 after purchasing an additional 138,821 shares during the last quarter. Morgan Stanley lifted its position in shares of Dell Technologies by 96.9% during the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock worth $346,137,000 after purchasing an additional 2,472,866 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Dell Technologies by 80.7% during the first quarter. Goldman Sachs Group Inc. now owns 4,976,265 shares of the technology company’s stock worth $249,759,000 after purchasing an additional 2,222,995 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In other Dell Technologies news, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the transaction, the insider now owns 206,961 shares in the company, valued at $24,856,016.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Dell Technologies news, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the transaction, the insider now owns 206,961 shares in the company, valued at $24,856,016.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the completion of the transaction, the general counsel now owns 86,836 shares in the company, valued at approximately $11,544,846.20. The disclosure for this sale can be found here. Insiders have sold 6,382,204 shares of company stock worth $718,452,037 over the last quarter. 48.60% of the stock is currently owned by company insiders.

Dell Technologies Price Performance

NYSE DELL opened at $117.81 on Tuesday. Dell Technologies Inc. has a 12 month low of $41.47 and a 12 month high of $136.16. The firm has a market capitalization of $84.09 billion, a PE ratio of 26.96, a P/E/G ratio of 1.49 and a beta of 0.92. The company’s 50 day simple moving average is $106.22 and its 200 day simple moving average is $85.06.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The business had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the business earned $1.55 earnings per share. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Monday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio (DPR) is currently 33.87%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DELL. TD Cowen raised their target price on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Sanford C. Bernstein raised their target price on shares of Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Barclays raised their target price on shares of Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. The Goldman Sachs Group raised their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, UBS Group raised their target price on shares of Dell Technologies from $99.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $102.88.

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).