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

International Assets Investment Management LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 66,938 shares of the technology company’s stock, valued at approximately $5,121,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. FMR LLC lifted its position in shares of Dell Technologies by 59.6% during the 3rd 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. Morgan Stanley lifted its position in shares of Dell Technologies by 96.9% during the 3rd 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. Alkeon Capital Management LLC lifted its position in shares of Dell Technologies by 241.9% during the 3rd quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock worth $294,453,000 after purchasing an additional 3,023,625 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Dell Technologies by 45.0% during the 3rd quarter. Acadian Asset Management LLC now owns 3,216,861 shares of the technology company’s stock worth $221,605,000 after purchasing an additional 998,298 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Dell Technologies by 31.7% during the 3rd quarter. Jennison Associates LLC now owns 2,025,036 shares of the technology company’s stock worth $139,525,000 after purchasing an additional 487,332 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group lifted their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Evercore ISI lifted their price target on shares of Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, Sanford C. Bernstein lifted their price target on shares of Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. One research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $104.63.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the transaction, the director now directly owns 408,694 shares in the company, valued at $51,626,226.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider William F. Scannell sold 106,483 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the sale, the insider now owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the sale, the director now directly owns 408,694 shares in the company, valued at approximately $51,626,226.08. 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 ninety days. 48.60% of the stock is currently owned by company insiders.

Dell Technologies Stock Performance

NYSE DELL opened at $131.75 on Thursday. The firm has a market cap of $94.04 billion, a PE ratio of 30.15, a P/E/G ratio of 1.58 and a beta of 0.87. Dell Technologies Inc. has a one year low of $44.19 and a one year high of $136.16. The firm’s fifty day moving average is $117.92 and its two-hundred day moving average is $91.22.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business posted $1.55 earnings per share. The business’s revenue was down 10.9% compared to the same quarter last year. Research analysts predict that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.35%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, April 22nd. Dell Technologies’s payout ratio is 40.73%.

About Dell Technologies

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).