Dell Technologies Inc. (NYSE:DELL) Position Lifted by MetLife Investment Management LLC

MetLife Investment Management LLC increased its position in Dell Technologies Inc. (NYSE:DELL) by 1,123.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,476 shares of the technology company’s stock after purchasing an additional 70,223 shares during the period. MetLife Investment Management LLC’s holdings in Dell Technologies were worth $9,065,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DELL. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Dell Technologies by 297.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 415,300 shares of the technology company’s stock valued at $49,230,000 after acquiring an additional 310,907 shares in the last quarter. Freedom Investment Management Inc. increased its stake in Dell Technologies by 48.5% during the 3rd quarter. Freedom Investment Management Inc. now owns 2,754 shares of the technology company’s stock valued at $326,000 after buying an additional 900 shares during the period. Cynosure Group LLC increased its stake in shares of Dell Technologies by 17.6% during the third quarter. Cynosure Group LLC now owns 3,180 shares of the technology company’s stock valued at $377,000 after acquiring an additional 476 shares during the period. Townsquare Capital LLC acquired a new stake in Dell Technologies in the third quarter worth approximately $557,000. Finally, Brooklyn Investment Group bought a new position in Dell Technologies during the third quarter valued at about $61,000. 38.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,962,112 shares of company stock worth $2,114,595,059. Company insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

NYSE DELL opened at $124.38 on Friday. The stock’s 50 day simple moving average is $127.21 and its 200 day simple moving average is $126.94. Dell Technologies Inc. has a one year low of $67.51 and a one year high of $179.70. The firm has a market cap of $87.36 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.62 EPS. As a group, equities analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.43%. Dell Technologies’s dividend payout ratio is currently 32.72%.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Morgan Stanley increased their price objective on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 target price for the company. Susquehanna began coverage on Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective on the stock. Finally, Bank of America upped their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.18.

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).