Rockefeller Capital Management L.P. Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

Rockefeller Capital Management L.P. increased its stake in Dell Technologies Inc. (NYSE:DELL) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,318 shares of the technology company’s stock after acquiring an additional 8,772 shares during the period. Rockefeller Capital Management L.P.’s holdings in Dell Technologies were worth $13,788,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DELL. Alkeon Capital Management LLC raised its holdings in shares of Dell Technologies by 48.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after purchasing an additional 699,204 shares during the period. Northwest & Ethical Investments L.P. raised its holdings in Dell Technologies by 23.0% in the third quarter. Northwest & Ethical Investments L.P. now owns 24,961 shares of the technology company’s stock valued at $2,959,000 after buying an additional 4,665 shares during the period. Vinva Investment Management Ltd lifted its position in Dell Technologies by 31.9% during the third quarter. Vinva Investment Management Ltd now owns 18,015 shares of the technology company’s stock valued at $2,166,000 after buying an additional 4,358 shares in the last quarter. Public Sector Pension Investment Board purchased a new stake in Dell Technologies during the third quarter worth approximately $1,583,000. Finally, Fiduciary Trust Co increased its position in shares of Dell Technologies by 257.8% in the third quarter. Fiduciary Trust Co now owns 31,148 shares of the technology company’s stock worth $3,692,000 after acquiring an additional 22,443 shares in the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DELL. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Bank of America upped their target price on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Raymond James dropped their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Melius Research increased their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, UBS Group reduced their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies Stock Performance

NYSE:DELL opened at $125.83 on Tuesday. The stock has a 50-day simple moving average of $127.58 and a 200 day simple moving average of $126.56. Dell Technologies Inc. has a one year low of $67.51 and a one year high of $179.70. The company has a market capitalization of $88.38 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the previous year, the business earned $1.62 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Activity

In other news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,962,112 shares of company stock valued at $2,114,595,059. 46.70% of the stock is currently owned by insiders.

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).