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

Daiwa Securities Group Inc. grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 85.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,675 shares of the technology company’s stock after buying an additional 16,420 shares during the period. Daiwa Securities Group Inc.’s holdings in Dell Technologies were worth $4,229,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC increased its stake in Dell Technologies by 748.7% during the 1st quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock worth $38,000 after acquiring an additional 292 shares during the period. BOKF NA grew its holdings in shares of Dell Technologies by 38.2% during the 1st quarter. BOKF NA now owns 604 shares of the technology company’s stock worth $72,000 after purchasing an additional 167 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Dell Technologies by 151.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 781,500 shares of the technology company’s stock worth $89,178,000 after purchasing an additional 470,642 shares during the period. California State Teachers Retirement System raised its stake in Dell Technologies by 1.5% in the first quarter. California State Teachers Retirement System now owns 382,939 shares of the technology company’s stock valued at $43,697,000 after purchasing an additional 5,765 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in Dell Technologies by 114.2% during the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after buying an additional 5,432 shares in the last quarter. 38.10% of the stock is owned by institutional investors.

Dell Technologies Stock Performance

NYSE:DELL opened at $141.71 on Wednesday. The company has a market capitalization of $99.54 billion, a PE ratio of 26.05, a P/E/G ratio of 1.52 and a beta of 0.89. Dell Technologies Inc. has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The company has a 50 day simple moving average of $126.91 and a two-hundred day simple moving average of $126.97.

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

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.26%. Dell Technologies’s payout ratio is 32.72%.

Insider Buying and Selling

In other news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,962,112 shares of company stock valued at $2,114,595,059 over the last 90 days. Company insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

DELL has been the topic of several recent analyst reports. Susquehanna started coverage on Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Citigroup boosted their target price on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. upped their price objective 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. Finally, Wells Fargo & Company raised their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $146.50.

Dell Technologies 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).