Voya Financial Advisors Inc. Purchases 660 Shares of Dell Technologies Inc. (NYSE:DELL)

Voya Financial Advisors Inc. raised its position in Dell Technologies Inc. (NYSE:DELL) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,348 shares of the technology company’s stock after purchasing an additional 660 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Dell Technologies were worth $643,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. National Pension Service increased its holdings in shares of Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares during the period. Woodmont Investment Counsel LLC purchased a new position in Dell Technologies in the third quarter worth about $5,780,000. Harvey Capital Management Inc. bought a new stake in Dell Technologies in the 3rd quarter worth about $2,848,000. Chicago Capital LLC lifted its holdings in shares of Dell Technologies by 3.7% during the 3rd quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock valued at $14,399,000 after buying an additional 4,385 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Dell Technologies by 59.3% in the 3rd quarter. Principal Financial Group Inc. now owns 459,333 shares of the technology company’s stock worth $54,449,000 after purchasing an additional 170,984 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DELL. Barclays boosted their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Sanford C. Bernstein dropped their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Citigroup decreased their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Three investment 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 an average target price of $148.06.

Insider Activity at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now owns 228,419 shares in the company, valued at $28,739,678.58. This trade represents a 3.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the transaction, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,748,652 shares of company stock worth $2,092,997,196 in the last quarter. 46.70% of the stock is owned by company insiders.

Dell Technologies Price Performance

NYSE:DELL opened at $123.40 on Friday. The company has a market capitalization of $86.67 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.33 and a beta of 0.90. Dell Technologies Inc. has a 1 year low of $67.57 and a 1 year high of $179.70. The business has a fifty day simple moving average of $127.84 and a two-hundred day simple moving average of $126.38.

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, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. Dell Technologies’s revenue was up 9.5% on a year-over-year basis. As a group, analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.44%. Dell Technologies’s payout ratio is presently 31.45%.

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).