Daiwa Securities Group Inc. Purchases 900 Shares of Dell Technologies Inc. (NYSE:DELL)

Daiwa Securities Group Inc. lifted its position in Dell Technologies Inc. (NYSE:DELL) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,577 shares of the technology company’s stock after purchasing an additional 900 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Dell Technologies were worth $1,269,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DELL. Anchor Investment Management LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at $26,000. Pinnacle Bancorp Inc. raised its stake in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of Dell Technologies by 454.5% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock valued at $37,000 after purchasing an additional 400 shares in the last quarter. Castleview Partners LLC acquired a new position in shares of Dell Technologies in the third quarter valued at $39,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Dell Technologies by 1,456.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock valued at $46,000 after purchasing an additional 568 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In related news, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the transaction, the general counsel now owns 86,836 shares in the company, valued at $11,544,846.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the transaction, the director now owns 408,694 shares of the company’s stock, valued at $51,626,226.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the transaction, the general counsel now directly 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 a total of 6,382,204 shares of company stock worth $718,452,037 over the last 90 days. Insiders own 48.60% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock opened at $120.65 on Wednesday. The stock’s fifty day moving average is $110.26 and its 200-day moving average is $87.21. The stock has a market capitalization of $86.12 billion, a PE ratio of 27.61, a PEG ratio of 1.45 and a beta of 0.92. Dell Technologies Inc. has a 52 week low of $41.47 and a 52 week high of $136.16.

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

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be issued a $0.445 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.78 annualized dividend and a yield of 1.48%. Dell Technologies’s dividend payout ratio (DPR) is currently 40.73%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Evercore ISI upped their target price on Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. JPMorgan Chase & Co. upped their price target on Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Barclays upped their price target on Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a research report on Friday, March 1st. Sanford C. Bernstein upped their price target on Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, TD Cowen upped their price target on Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.63.

Dell Technologies 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).