Dell Technologies Inc. (NYSE:DELL) is Silver Lake Group L.L.C.’s 10th Largest Position

Silver Lake Group L.L.C. grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 19.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 431,524 shares of the technology company’s stock after purchasing an additional 70,954 shares during the period. Dell Technologies makes up about 0.6% of Silver Lake Group L.L.C.’s holdings, making the stock its 10th largest holding. Silver Lake Group L.L.C.’s holdings in Dell Technologies were worth $50,972,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DELL. Kingsview Wealth Management LLC acquired a new stake in Dell Technologies in the first quarter valued at $282,000. Seven Eight Capital LP purchased a new stake in shares of Dell Technologies during the 1st quarter worth approximately $513,000. Clearbridge Investments LLC acquired a new position in shares of Dell Technologies in the 1st quarter valued at $27,180,000. UniSuper Management Pty Ltd raised its stake in Dell Technologies by 78.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 3,400 shares of the technology company’s stock worth $388,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Dell Technologies by 3,911.8% in the first quarter. Bessemer Group Inc. now owns 13,640 shares of the technology company’s stock valued at $1,556,000 after acquiring an additional 13,300 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

In other news, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. The trade was a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is owned by insiders.

Dell Technologies Stock Performance

Shares of DELL opened at $136.05 on Tuesday. The stock has a 50 day simple moving average of $123.63 and a 200 day simple moving average of $126.55. Dell Technologies Inc. has a 52-week low of $67.51 and a 52-week high of $179.70. The firm has a market capitalization of $95.56 billion, a PE ratio of 25.01, a P/E/G ratio of 1.39 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 EPS. Equities research analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Bank of America lifted their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 target price on the stock. TD Cowen reduced their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Wells Fargo & Company increased their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Mizuho began coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target on the stock. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.88.

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).