Jackson Square Capital LLC Purchases 938 Shares of Dell Technologies Inc. (NYSE:DELL)

Jackson Square Capital LLC increased its position in Dell Technologies Inc. (NYSE:DELL) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,752 shares of the technology company’s stock after purchasing an additional 938 shares during the quarter. Jackson Square Capital LLC’s holdings in Dell Technologies were worth $1,354,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. State Street Corp raised its stake in Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after buying an additional 6,131,507 shares during the period. Geode Capital Management LLC lifted its holdings in Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after purchasing an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Dell Technologies by 19,376.1% in the third 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. Franklin Resources Inc. raised its position in shares of Dell Technologies by 5,047.4% in the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock valued at $131,170,000 after purchasing an additional 1,002,117 shares during the period. Finally, Alkeon Capital Management LLC lifted its stake in shares of 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. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 945,407 shares of company stock worth $115,573,009. Corporate insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the topic of several research reports. Mizuho decreased their target price 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. Melius Research upped their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Citigroup dropped their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Wells Fargo & Company upped their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Morgan Stanley lifted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Stock Performance

Shares of DELL opened at $109.65 on Friday. Dell Technologies Inc. has a 52-week low of $77.70 and a 52-week high of $179.70. The firm has a market cap of $76.81 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.21 and a beta of 0.92. The business’s fifty day moving average is $123.00 and its 200-day moving average is $120.29.

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

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.62%. Dell Technologies’s dividend payout ratio is currently 31.45%.

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).