Daiwa Securities Group Inc. Has $4.23 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Daiwa Securities Group Inc. grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 85.3% in the third quarter, Holdings Channel reports. The institutional investor owned 35,675 shares of the technology company’s stock after acquiring an additional 16,420 shares during the period. Daiwa Securities Group Inc.’s holdings in Dell Technologies were worth $4,229,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Centaurus Financial Inc. boosted its stake in Dell Technologies by 223.4% during the 3rd quarter. Centaurus Financial Inc. now owns 6,148 shares of the technology company’s stock valued at $729,000 after purchasing an additional 4,247 shares during the last quarter. Cerity Partners LLC grew its holdings in Dell Technologies by 159.2% during the third quarter. Cerity Partners LLC now owns 42,476 shares of the technology company’s stock worth $5,035,000 after buying an additional 26,086 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in Dell Technologies by 16.8% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 6,538 shares of the technology company’s stock valued at $775,000 after buying an additional 942 shares during the last quarter. Waddell & Associates LLC lifted its stake in Dell Technologies by 13.7% during the 3rd quarter. Waddell & Associates LLC now owns 4,164 shares of the technology company’s stock valued at $494,000 after acquiring an additional 502 shares in the last quarter. Finally, Camden National Bank boosted its holdings in Dell Technologies by 11.1% during the 3rd quarter. Camden National Bank now owns 1,726 shares of the technology company’s stock worth $205,000 after acquiring an additional 172 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This trade represents a 9.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,962,112 shares of company stock valued at $2,114,595,059. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Trading Down 1.7 %

Shares of DELL stock opened at $141.71 on Wednesday. The firm’s 50 day moving average is $126.91 and its 200 day moving average is $126.97. The stock has a market capitalization of $99.54 billion, a P/E ratio of 26.05, a PEG ratio of 1.52 and a beta of 0.89. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.62 earnings per share. On average, equities analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently announced 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. This represents a $1.78 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is presently 32.72%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DELL. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Wells Fargo & Company increased their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Finally, Bank of America raised their target price on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $146.50.

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).