Dell Technologies Inc. (NYSE:DELL) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its holdings in Dell Technologies Inc. (NYSE:DELL) by 31.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,015 shares of the technology company’s stock after buying an additional 4,358 shares during the quarter. Vinva Investment Management Ltd’s holdings in Dell Technologies were worth $2,166,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its stake 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 worth $287,779,000 after purchasing an additional 2,415,234 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Dell Technologies by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after buying an additional 51,804 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Dell Technologies by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company’s stock valued at $204,538,000 after buying an additional 29,717 shares during the period. Bahl & Gaynor Inc. raised its position in shares of Dell Technologies by 4.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock worth $194,289,000 after buying an additional 55,763 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Dell Technologies by 103.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after acquiring an additional 575,166 shares during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DELL has been the topic of several recent analyst reports. Sanford C. Bernstein dropped their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. TD Cowen dropped their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Raymond James decreased their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Bank of America boosted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $148.18.

Insiders Place Their Bets

In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred 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 directly owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,962,112 shares of company stock worth $2,114,595,059 in the last quarter. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Up 2.6 %

Shares of NYSE:DELL opened at $127.59 on Friday. The company’s fifty day moving average is $127.41 and its two-hundred day moving average is $126.91. The company has a market cap of $89.62 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data 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. Dell Technologies had a negative return on equity of 184.20% 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 period in the prior year, the business earned $1.62 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.40%. Dell Technologies’s dividend payout ratio is presently 31.45%.

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).