Hartford Investment Management Co. Grows Holdings in Dell Technologies Inc. (NYSE:DELL)

Hartford Investment Management Co. grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,012 shares of the technology company’s stock after buying an additional 883 shares during the quarter. Hartford Investment Management Co.’s holdings in Dell Technologies were worth $2,191,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its stake in Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after purchasing an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 buying an additional 2,641,456 shares in the last quarter. International Assets Investment Management LLC lifted its position in 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 worth $287,779,000 after buying an additional 2,415,234 shares during the last quarter. Alkeon Capital Management LLC boosted its stake in Dell Technologies by 48.3% in the third 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 in the last quarter. Finally, Swedbank AB grew its position in Dell Technologies by 803.6% during the fourth 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. 76.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. JPMorgan Chase & Co. cut their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday. Barclays lifted their price objective on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Melius Research increased their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.94.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 945,407 shares of company stock valued at $115,564,106. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Trading Down 2.3 %

NYSE:DELL opened at $110.31 on Friday. The company has a 50-day moving average price of $113.66 and a 200-day moving average price of $117.15. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70. The stock has a market cap of $77.27 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data 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 net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period last year, the business posted $1.62 earnings per share. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.61%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 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).