National Pension Service Increases Stake in Dell Technologies Inc. (NYSE:DELL)

National Pension Service lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 620,406 shares of the technology company’s stock after acquiring an additional 50,304 shares during the quarter. National Pension Service’s holdings in Dell Technologies were worth $73,543,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DELL. Janney Montgomery Scott LLC raised its position in Dell Technologies by 18.0% in the first quarter. Janney Montgomery Scott LLC now owns 58,867 shares of the technology company’s stock worth $6,717,000 after acquiring an additional 8,974 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Dell Technologies in the first quarter valued at about $5,080,000. Csenge Advisory Group purchased a new stake in Dell Technologies during the first quarter worth about $231,000. Disciplined Equity Management Inc. grew its position in Dell Technologies by 6,106.6% during the first quarter. Disciplined Equity Management Inc. now owns 7,510 shares of the technology company’s stock worth $857,000 after buying an additional 7,389 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Dell Technologies by 1,415.0% during the 1st quarter. SG Americas Securities LLC now owns 61,268 shares of the technology company’s stock valued at $6,991,000 after acquiring an additional 57,224 shares during the period. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

DELL opened at $133.48 on Wednesday. Dell Technologies Inc. has a 1 year low of $67.51 and a 1 year high of $179.70. The company’s 50 day simple moving average is $118.95 and its 200 day simple moving average is $125.69. The stock has a market capitalization of $93.76 billion, a PE ratio of 24.54, a P/E/G ratio of 1.38 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 EPS. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 32.72%.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the transaction, the chief executive officer now directly owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DELL shares. Citigroup raised their price objective on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Raymond James cut their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Barclays upped their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, UBS Group dropped their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.50.

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).