Franklin Resources Inc. Has $131.17 Million Stake in Dell Technologies Inc. (NYSE:DELL)

Franklin Resources Inc. lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 5,047.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,021,971 shares of the technology company’s stock after buying an additional 1,002,117 shares during the period. Franklin Resources Inc. owned about 0.15% of Dell Technologies worth $131,170,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DELL. Intrepid Financial Planning Group LLC lifted its position in shares of Dell Technologies by 0.7% in the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after purchasing an additional 80 shares in the last quarter. Smithfield Trust Co grew its stake in Dell Technologies by 8.0% in the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after purchasing an additional 84 shares in the last quarter. Graypoint LLC raised its position in Dell Technologies by 4.3% during the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after acquiring an additional 86 shares in the last quarter. Affinity Wealth Management LLC raised its holdings in shares of Dell Technologies by 2.5% in the 3rd quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock valued at $422,000 after purchasing an additional 87 shares during the period. Finally, ASB Consultores LLC lifted its stake in Dell Technologies by 4.6% in the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock valued at $236,000 after purchasing an additional 87 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 500,000 shares of Dell Technologies stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $117.93, for a total value of $58,965,000.00. Following the sale, the chief executive officer now owns 36,412,241 shares of the company’s stock, valued at approximately $4,294,095,581.13. The trade was a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the sale, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,376,935 shares of company stock valued at $1,620,145,762. 46.70% of the stock is currently owned by insiders.

Dell Technologies Stock Down 0.6 %

Shares of DELL stock opened at $118.45 on Monday. The firm has a market capitalization of $83.20 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.26 and a beta of 0.90. The stock’s fifty day simple moving average is $128.21 and its 200 day simple moving average is $124.36. Dell Technologies Inc. has a twelve month low of $70.89 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 earnings per share. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.50%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Sanford C. Bernstein decreased their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Citigroup decreased their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley lifted 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. Bank of America raised their price target on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, TD Cowen reduced their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

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).