Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of Dell Technologies Inc. (NYSE:DELL) by 63.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,931,240 shares of the technology company’s stock after buying an additional 1,139,318 shares during the quarter. Bank of New York Mellon Corp’s holdings in Dell Technologies were worth $337,796,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Optimist Retirement Group LLC increased its holdings in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after acquiring an additional 463 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Dell Technologies in the third quarter worth $1,920,000. State of Alaska Department of Revenue bought a new stake in Dell Technologies during the third quarter valued at $3,959,000. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Dell Technologies by 38.3% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,025 shares of the technology company’s stock worth $359,000 after purchasing an additional 838 shares during the period. Finally, Hunter Associates Investment Management LLC lifted its position in shares of Dell Technologies by 4.4% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 3,612 shares of the technology company’s stock worth $424,000 after buying an additional 151 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Melius Research increased their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Bank of America lowered their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Mizuho reduced 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. Deutsche Bank Aktiengesellschaft dropped their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Finally, Morgan Stanley reduced their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the sale, the director now owns 810,657 shares in the company, valued at $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was 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 directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 937,407 shares of company stock worth $114,418,186. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Up 4.6 %

Shares of DELL stock opened at $115.72 on Thursday. The stock has a 50-day simple moving average of $112.91 and a 200 day simple moving average of $118.19. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70. The stock has a market capitalization of $81.06 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.10 and a beta of 0.90.

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, 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 for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the previous year, the company posted $1.62 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.54%. Dell Technologies’s dividend payout ratio (DPR) is 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).