Achmea Investment Management B.V. Increases Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Achmea Investment Management B.V. lifted its position in Dell Technologies Inc. (NYSE:DELLFree Report) by 154.8% in the third quarter, HoldingsChannel reports. The firm owned 79,068 shares of the technology company’s stock after buying an additional 48,036 shares during the period. Achmea Investment Management B.V.’s holdings in Dell Technologies were worth $5,447,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Rise Advisors LLC boosted its position in shares of Dell Technologies by 200.0% during the 3rd quarter. Rise Advisors LLC now owns 357 shares of the technology company’s stock worth $25,000 after purchasing an additional 238 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Dell Technologies during the first quarter worth approximately $27,000. Castleview Partners LLC bought a new position in Dell Technologies during the third quarter worth $39,000. KB Financial Partners LLC acquired a new position in shares of Dell Technologies during the second quarter valued at $32,000. Finally, Compass Wealth Management LLC acquired a new position in shares of Dell Technologies during the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Trading Up 1.4 %

DELL traded up $1.16 during trading hours on Friday, hitting $84.20. 2,927,097 shares of the company’s stock were exchanged, compared to its average volume of 4,136,939. Dell Technologies Inc. has a 12-month low of $35.96 and a 12-month high of $85.04. The firm has a 50 day moving average of $75.36 and a 200 day moving average of $67.43. The firm has a market cap of $59.92 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 1.23 and a beta of 0.86.

Dell Technologies (NYSE:DELLGet Free Report) last announced its quarterly earnings data on Thursday, November 30th. The technology company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.42. Dell Technologies had a net margin of 2.92% and a negative return on equity of 150.29%. The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.01 billion. During the same quarter in the prior year, the firm earned $2.01 EPS. Dell Technologies’s quarterly revenue was down 10.0% on a year-over-year basis. As a group, research analysts expect that Dell Technologies Inc. will post 5.66 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Investors of record on Tuesday, January 23rd will be issued a $0.37 dividend. The ex-dividend date is Monday, January 22nd. This represents a $1.48 annualized dividend and a yield of 1.76%. Dell Technologies’s dividend payout ratio is presently 40.88%.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $78.81, for a total value of $250,613,593.32. Following the completion of the transaction, the director now owns 293,812 shares in the company, valued at approximately $23,155,323.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 48.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DELL has been the topic of several recent analyst reports. Sanford C. Bernstein lifted their price target on Dell Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 3rd. Raymond James upped their price objective on Dell Technologies from $68.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, December 1st. The Goldman Sachs Group increased their price target on Dell Technologies from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Wells Fargo & Company increased their price target on Dell Technologies from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, December 1st. Finally, Bank of America increased their target price on Dell Technologies from $70.00 to $76.00 in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $78.80.

View Our Latest Analysis on Dell Technologies

Dell Technologies Company Profile

(Free Report)

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).

Further Reading

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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