Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Dell Technologies Inc. (NYSE:DELL) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,949 shares of the technology company’s stock after purchasing an additional 438 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Dell Technologies were worth $1,526,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates raised its holdings in Dell Technologies by 27.2% during the fourth quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock worth $20,936,000 after purchasing an additional 58,590 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Dell Technologies by 158.3% during the fourth quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock worth $17,762,000 after acquiring an additional 142,337 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Dell Technologies by 1,475.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock worth $22,230,000 after acquiring an additional 272,144 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Dell Technologies by 13.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,380 shares of the technology company’s stock worth $6,226,000 after acquiring an additional 9,538 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its position in shares of Dell Technologies by 14.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,339,514 shares of the technology company’s stock worth $102,473,000 after acquiring an additional 164,930 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the transaction, the director now directly owns 408,694 shares of the company’s stock, valued at $51,626,226.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the completion of the sale, the general counsel now directly owns 86,836 shares in the company, valued at approximately $11,544,846.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the sale, the director now owns 408,694 shares of the company’s stock, valued at $51,626,226.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,382,204 shares of company stock valued at $718,452,037. Company insiders own 48.60% of the company’s stock.

Dell Technologies Stock Down 0.4 %

NYSE:DELL opened at $120.19 on Thursday. Dell Technologies Inc. has a 52-week low of $41.47 and a 52-week high of $136.16. The stock has a fifty day simple moving average of $110.94 and a 200-day simple moving average of $87.44. The company has a market capitalization of $85.79 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.46 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The business had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter last year, the company earned $1.55 earnings per share. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.48%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is 40.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DELL. Sanford C. Bernstein raised their target price on shares of Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Barclays raised their target price on shares of Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. UBS Group lifted their price objective on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Evercore ISI lifted their price objective on shares of Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, The Goldman Sachs Group lifted their price objective on shares of Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $104.63.

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).