45,000 Shares in Dell Technologies Inc. (NYSE:DELL) Purchased by Viking Fund Management LLC

Viking Fund Management LLC bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, HoldingsChannel.com reports. The fund bought 45,000 shares of the technology company’s stock, valued at approximately $5,186,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp grew its position in Dell Technologies by 92.4% in the 3rd 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 during the last quarter. Geode Capital Management LLC boosted its stake in shares of Dell Technologies by 71.8% during the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after purchasing an additional 2,641,456 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Dell Technologies by 19,376.1% in the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after purchasing an additional 2,415,234 shares during the last quarter. Alkeon Capital Management LLC lifted its holdings in Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after buying an additional 699,204 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Dell Technologies by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock valued at $204,538,000 after buying an additional 29,717 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Mizuho lowered their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Melius Research raised their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Morgan Stanley raised their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $148.06.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was 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. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock valued at $115,573,009 over the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL opened at $111.59 on Wednesday. Dell Technologies Inc. has a one year low of $80.49 and a one year high of $179.70. The stock has a market cap of $78.17 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.16 and a beta of 0.92. The stock has a 50-day moving average of $122.42 and a two-hundred day moving average of $119.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 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 191.91%. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. Analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.60%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s payout ratio is currently 31.45%.

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).