Cerity Partners LLC Boosts Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Cerity Partners LLC grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 46.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,533 shares of the technology company’s stock after acquiring an additional 2,079 shares during the quarter. Cerity Partners LLC’s holdings in Dell Technologies were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in Dell Technologies by 27.2% during the 4th quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock worth $20,936,000 after acquiring an additional 58,590 shares during the last quarter. Nordea Investment Management AB increased its holdings in 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 buying an additional 142,337 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Dell Technologies by 1,475.2% in 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 period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Dell Technologies by 13.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,380 shares of the technology company’s stock valued at $6,226,000 after acquiring an additional 9,538 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its stake in shares of Dell Technologies by 14.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,339,514 shares of the technology company’s stock worth $102,473,000 after purchasing an additional 164,930 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the transaction, the director now owns 408,694 shares in the company, valued at $51,626,226.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the sale, the director now owns 535,816 shares of the company’s stock, valued at $71,997,595.92. The transaction was disclosed in a legal 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 business’s stock in a transaction dated 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 sale, the director now directly owns 408,694 shares in the company, valued at approximately $51,626,226.08. The disclosure for this sale can be found here. Insiders have sold 6,382,204 shares of company stock worth $718,452,037 over the last 90 days. 48.60% of the stock is owned by company insiders.

Dell Technologies Stock Down 0.4 %

NYSE DELL opened at $120.19 on Thursday. The stock’s 50-day simple moving average is $110.94 and its two-hundred day simple moving average is $87.44. Dell Technologies Inc. has a twelve month low of $41.47 and a twelve month high of $136.16. The company has a market capitalization of $85.79 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.46 and a beta of 0.92.

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

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. The ex-dividend date is Monday, April 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.48%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s payout ratio is currently 40.73%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Sanford C. Bernstein increased their price objective on Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Barclays increased their price target on Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a research note on Friday, March 1st. UBS Group boosted their price objective on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. TD Cowen increased their target price on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. Finally, The Goldman Sachs Group upped their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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).