Zweig DiMenna Associates LLC Purchases Shares of 67,000 Dell Technologies Inc. (NYSE:DELL)

Zweig DiMenna Associates LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, HoldingsChannel reports. The fund acquired 67,000 shares of the technology company’s stock, valued at approximately $7,721,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DELL. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies in the fourth quarter worth about $1,272,000. iA Global Asset Management Inc. grew its holdings in Dell Technologies by 84.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after buying an additional 5,203 shares during the last quarter. National Pension Service lifted its holdings in shares of Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after buying an additional 50,304 shares during the last quarter. Sky Investment Group LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $1,687,000. Finally, Woodmont Investment Counsel LLC acquired a new stake in shares of Dell Technologies in the third quarter worth $5,780,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Up 1.7 %

Shares of Dell Technologies stock opened at $116.13 on Friday. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70. The company has a market capitalization of $81.34 billion, a PE ratio of 20.44, a PEG ratio of 1.22 and a beta of 0.92. The stock’s fifty day simple moving average is $121.53 and its 200 day simple moving average is $119.67.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period in the previous year, the firm earned $1.62 EPS. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. Analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.53%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

Analyst Upgrades and Downgrades

DELL has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Barclays increased their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Morgan Stanley boosted their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.06.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock valued at $115,573,009 in the last quarter. 46.70% of the stock is currently owned by insiders.

About Dell Technologies

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).