32,132 Shares in Dell Technologies Inc. (NYSE:DELL) Bought by Axecap Investments LLC

Axecap Investments LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 32,132 shares of the technology company’s stock, valued at approximately $3,703,000. Dell Technologies accounts for approximately 2.8% of Axecap Investments LLC’s investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors have also recently bought and sold shares of DELL. Byrne Asset Management LLC bought a new position in Dell Technologies in the 4th quarter valued at $28,000. True Wealth Design LLC grew its stake in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the period. MCF Advisors LLC grew its stake in Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after purchasing an additional 165 shares during the period. Covestor Ltd grew its stake in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after purchasing an additional 218 shares during the period. Finally, Versant Capital Management Inc grew its stake in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after purchasing an additional 111 shares during the period. Institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on DELL shares. Wells Fargo & Company upped their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Barclays upped their price target on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Citigroup dropped their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Finally, Mizuho dropped their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average price target of $148.06.

Insider Activity

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 946,132 shares of company stock worth $115,660,009 in the last quarter. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Performance

NYSE DELL opened at $112.30 on Tuesday. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70. The stock has a 50 day simple moving average of $114.47 and a two-hundred day simple moving average of $117.19. The stock has a market cap of $78.66 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $1.62 EPS. Sell-side analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s payout ratio is presently 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).