Savant Capital LLC Buys 432 Shares of Dell Technologies Inc. (NYSE:DELL)

Savant Capital LLC raised its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 10.8% in the fourth quarter, Holdings Channel reports. The fund owned 4,435 shares of the technology company’s stock after acquiring an additional 432 shares during the period. Savant Capital LLC’s holdings in Dell Technologies were worth $339,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its stake in shares of Dell Technologies by 59.6% in the third quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock valued at $646,053,000 after buying an additional 3,499,760 shares in the last quarter. Alkeon Capital Management LLC raised its stake in shares of Dell Technologies by 241.9% in the third quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock worth $294,453,000 after acquiring an additional 3,023,625 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 in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Dell Technologies during the third quarter valued at approximately $85,765,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Dell Technologies by 1,071.4% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,213,463 shares of the technology company’s stock valued at $92,281,000 after purchasing an additional 1,109,876 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL opened at $129.37 on Tuesday. The firm has a market capitalization of $92.34 billion, a PE ratio of 29.60, a P/E/G ratio of 1.58 and a beta of 0.87. The stock has a 50 day simple moving average of $117.20 and a 200 day simple moving average of $90.78. Dell Technologies Inc. has a 52-week low of $44.19 and a 52-week high of $136.16.

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

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were given a dividend of $0.445 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, April 22nd. Dell Technologies’s dividend payout ratio is currently 40.73%.

Insider Buying and Selling

In other Dell Technologies news, insider Jennifer D. Saavedra sold 18,260 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the completion of the transaction, the insider now owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Jennifer D. Saavedra sold 18,260 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the transaction, the insider now owns 206,961 shares in the company, valued at approximately $24,856,016.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William F. Scannell sold 106,483 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total value of $13,752,279.45. Following the sale, the insider now owns 356,077 shares in the company, valued at approximately $45,987,344.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,382,204 shares of company stock worth $718,452,037. 48.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DELL has been the topic of several research reports. 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 note on Thursday, February 22nd. Morgan Stanley upped their target price on shares of Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. UBS Group lifted their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Barclays increased their price objective on shares of Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a report on Friday, March 1st. Finally, TD Cowen lifted 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $104.63.

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).