Dell Technologies Inc. (NYSE:DELL) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd boosted its position in Dell Technologies Inc. (NYSE:DELL) by 67.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,851 shares of the technology company’s stock after purchasing an additional 3,568 shares during the period. XTX Topco Ltd’s holdings in Dell Technologies were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC lifted its position in shares of Dell Technologies by 1.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock valued at $822,000 after acquiring an additional 80 shares during the period. Intrepid Financial Planning Group LLC lifted its position in shares of Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock valued at $1,423,000 after acquiring an additional 80 shares during the period. Smithfield Trust Co lifted its position in shares of Dell Technologies by 8.0% during the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after acquiring an additional 84 shares during the period. Graypoint LLC lifted its position in shares of Dell Technologies by 4.3% during the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after acquiring an additional 86 shares during the period. Finally, Affinity Wealth Management LLC lifted its position in shares of Dell Technologies by 2.5% during the 3rd quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock valued at $422,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Performance

DELL stock opened at $123.82 on Tuesday. The stock has a market capitalization of $86.97 billion, a P/E ratio of 21.88, a PEG ratio of 1.30 and a beta of 0.90. Dell Technologies Inc. has a one year low of $68.49 and a one year high of $179.70. The company has a 50 day moving average price of $128.00 and a two-hundred day moving average price of $125.72.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data 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. 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 analysts’ expectations of $24.67 billion. During the same period in the previous year, the company earned $1.62 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Research analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DELL. Raymond James reduced their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Barclays lifted their price objective on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Mizuho cut their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Sanford C. Bernstein cut their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Finally, TD Cowen cut their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $148.06.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Dell sold 1,032,968 shares of Dell Technologies stock in a transaction on Friday, September 13th. The shares were sold at an average price of $113.67, for a total transaction of $117,417,472.56. Following the transaction, the chief executive officer now owns 13,094,517 shares in the company, valued at $1,488,453,747.39. The trade was a 7.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,012,438 shares of company stock valued at $1,909,707,544 in the last ninety days. Company insiders own 46.70% of the company’s stock.

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).