BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Stake in Dell Technologies Inc. (NYSE:DELL)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 96.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 443,674 shares of the technology company’s stock after purchasing an additional 218,084 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Dell Technologies were worth $52,593,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DELL. International Assets Investment Management LLC lifted its position in Dell Technologies by 19,376.1% during 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 acquiring an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Dell Technologies by 2.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after acquiring an additional 51,804 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in Dell Technologies by 4.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock worth $194,289,000 after purchasing an additional 55,763 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Dell Technologies by 103.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock valued at $156,275,000 after acquiring an additional 575,166 shares in the last quarter. Finally, Swiss National Bank lifted its position in Dell Technologies by 7.3% during the third quarter. Swiss National Bank now owns 835,308 shares of the technology company’s stock worth $99,017,000 after buying an additional 57,100 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In related news, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. This trade represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,954,112 shares of company stock valued at $2,113,449,139. 46.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Barclays raised their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, Sanford C. Bernstein lowered their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $146.50.

Dell Technologies Stock Up 3.5 %

DELL opened at $138.69 on Friday. The business has a 50 day moving average price of $125.25 and a two-hundred day moving average price of $126.76. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70. The company has a market cap of $97.41 billion, a PE ratio of 25.49, a P/E/G ratio of 1.43 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $1.44 earnings per share. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.28%. Dell Technologies’s dividend payout ratio is currently 32.72%.

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).