Dell Technologies Inc. (NYSE:DELL) Holdings Increased by Sigma Planning Corp

Sigma Planning Corp increased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 25.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,823 shares of the technology company’s stock after purchasing an additional 1,972 shares during the period. Sigma Planning Corp’s holdings in Dell Technologies were worth $1,132,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DELL. State Street Corp raised its stake 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 worth $1,513,401,000 after buying an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC raised its position in Dell Technologies by 71.8% in the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after acquiring an additional 2,641,456 shares in the last quarter. Swedbank AB lifted its holdings in Dell Technologies by 803.6% in the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock valued at $219,084,000 after acquiring an additional 1,690,709 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after purchasing an additional 1,002,117 shares during the last quarter. Finally, Congress Asset Management Co. bought a new stake in shares of Dell Technologies in the 4th quarter worth approximately $100,869,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of research reports. Melius Research raised their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price objective 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 cut their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley decreased their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, Mizuho cut 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. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the transaction, the director now directly owns 777,347 shares of the company’s stock, valued at $97,386,032.16. This represents a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $125.82, for a total value of $1,006,560.00. Following the transaction, the chief financial officer now directly owns 228,419 shares in the company, valued at approximately $28,739,678.58. This represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 937,407 shares of company stock worth $114,418,186. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Down 3.0 %

Shares of NYSE:DELL opened at $114.08 on Tuesday. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70. The firm has a market capitalization of $79.91 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The firm has a fifty day moving average of $113.00 and a two-hundred day moving average of $118.08.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the previous year, the company posted $1.62 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.56%. Dell Technologies’s payout ratio is 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).