Independent Solutions Wealth Management LLC Increases Stock Position in Dell Technologies Inc. (NYSE:DELL)

Independent Solutions Wealth Management LLC increased its position in Dell Technologies Inc. (NYSE:DELL) by 3.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,109 shares of the technology company’s stock after buying an additional 542 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Dell Technologies were worth $1,910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after acquiring an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC increased its holdings in Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after purchasing an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after purchasing an additional 2,415,234 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Dell Technologies by 2.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock worth $319,771,000 after buying an additional 51,804 shares in the last quarter. Finally, Alkeon Capital Management LLC increased its stake in shares of Dell Technologies by 48.3% in the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after buying an additional 699,204 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of NYSE DELL traded down $0.77 during midday trading on Thursday, reaching $111.90. 5,589,865 shares of the company traded hands, compared to its average volume of 10,011,139. The stock has a 50-day moving average price of $127.95 and a 200 day moving average price of $123.78. The company has a market cap of $78.60 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.26 and a beta of 0.90. Dell Technologies Inc. has a 52 week low of $72.31 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping 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 191.91%. The company had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same period last year, the company posted $1.62 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.59%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DELL. Citigroup dropped their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Melius Research boosted their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft decreased their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Wells Fargo & Company upped 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. Finally, Raymond James decreased their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the transaction, the director now owns 777,347 shares of the company’s stock, valued at $97,386,032.16. This represents a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,331,110 shares of company stock worth $1,381,403,997 in the last quarter. 46.70% of the stock is currently owned by corporate insiders.

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).