Ashford Capital Management Inc. Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

Ashford Capital Management Inc. lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 478.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,030 shares of the technology company’s stock after buying an additional 12,433 shares during the quarter. Ashford Capital Management Inc.’s holdings in Dell Technologies were worth $1,782,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of 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 raised its holdings in 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 worth $746,596,000 after purchasing an additional 2,641,456 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after purchasing an additional 2,415,234 shares during the last quarter. Alkeon Capital Management LLC grew its stake 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 worth $254,479,000 after buying an additional 699,204 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Dell Technologies by 136.2% during the third quarter. Janus Henderson Group PLC now owns 1,162,053 shares of the technology company’s stock worth $137,750,000 after buying an additional 670,171 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Up 0.3 %

NYSE DELL opened at $123.82 on Tuesday. Dell Technologies Inc. has a fifty-two week low of $68.49 and a fifty-two week high of $179.70. The business has a fifty day moving average of $128.00 and a 200-day moving average of $125.72. The stock has a market cap of $86.97 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results 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. The company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $1.62 EPS. As a group, analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.44%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the sale, the director now directly owns 777,347 shares in the company, valued at $97,386,032.16. This represents a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 1,032,968 shares of Dell Technologies stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $113.67, for a total value of $117,417,472.56. Following the completion of the transaction, the chief executive officer now directly owns 13,094,517 shares in the company, valued at $1,488,453,747.39. This represents a 7.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,012,438 shares of company stock valued at $1,909,707,544. Insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DELL shares. Susquehanna started coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price on the stock. Mizuho lowered their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Citigroup dropped their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Finally, Barclays boosted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies 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).