International Assets Investment Management LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

International Assets Investment Management LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 66,938 shares of the technology company’s stock, valued at approximately $5,121,000.

Several other large investors also recently added to or reduced their stakes in DELL. SG Americas Securities LLC boosted its position in shares of Dell Technologies by 103.3% during the third quarter. SG Americas Securities LLC now owns 3,099 shares of the technology company’s stock valued at $214,000 after buying an additional 98,158 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Dell Technologies by 17.3% during the third quarter. Commonwealth Equity Services LLC now owns 87,678 shares of the technology company’s stock valued at $6,041,000 after buying an additional 12,944 shares during the period. Mackenzie Financial Corp boosted its position in shares of Dell Technologies by 330.1% during the third quarter. Mackenzie Financial Corp now owns 57,816 shares of the technology company’s stock valued at $3,888,000 after buying an additional 44,375 shares during the period. Brighton Jones LLC purchased a new position in shares of Dell Technologies during the third quarter valued at approximately $287,000. Finally, IFM Investors Pty Ltd boosted its position in shares of Dell Technologies by 2.7% during the third quarter. IFM Investors Pty Ltd now owns 68,764 shares of the technology company’s stock valued at $4,738,000 after buying an additional 1,800 shares during the period. 38.10% of the stock is owned by institutional investors.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the transaction, the director now directly owns 535,816 shares of the company’s stock, valued at approximately $71,997,595.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the transaction, the director now directly owns 535,816 shares of the company’s stock, valued at approximately $71,997,595.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jennifer D. Saavedra sold 18,260 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the transaction, the insider now directly owns 206,961 shares in the company, valued at $24,856,016.10. The disclosure for this sale can be found here. Insiders have sold a total of 6,382,204 shares of company stock valued at $718,452,037 in the last ninety days. Company insiders own 48.60% of the company’s stock.

Dell Technologies Trading Up 3.3 %

Shares of DELL stock opened at $131.75 on Thursday. The business’s fifty day simple moving average is $117.92 and its 200-day simple moving average is $91.22. The company has a market cap of $94.04 billion, a PE ratio of 30.15, a PEG ratio of 1.58 and a beta of 0.87. Dell Technologies Inc. has a 12-month low of $44.19 and a 12-month high of $136.16.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. The business had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 earnings per share. On average, equities analysts forecast that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.35%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, April 22nd. Dell Technologies’s dividend payout ratio is presently 40.73%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DELL. UBS Group boosted their price target on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. The Goldman Sachs Group boosted their price target on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 4th. Sanford C. Bernstein boosted their price target on Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, March 1st. TD Cowen boosted their price target on Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, March 1st. Finally, Evercore ISI boosted their price target on Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.63.

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).