Dell Technologies Inc. (NYSE:DELL) Position Increased by MML Investors Services LLC

MML Investors Services LLC raised its stake in Dell Technologies Inc. (NYSE:DELL) by 72.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 33,518 shares of the technology company’s stock after acquiring an additional 14,053 shares during the period. MML Investors Services LLC’s holdings in Dell Technologies were worth $3,973,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Dell Technologies by 501.0% during the second quarter. Blue Trust Inc. now owns 607 shares of the technology company’s stock valued at $84,000 after purchasing an additional 506 shares during the last quarter. Brookstone Capital Management acquired a new position in shares of Dell Technologies in the second quarter worth about $259,000. Hoylecohen LLC purchased a new position in shares of Dell Technologies in the second quarter worth approximately $236,000. Raymond James & Associates lifted its position in shares of Dell Technologies by 74.4% in the 2nd quarter. Raymond James & Associates now owns 483,562 shares of the technology company’s stock valued at $66,688,000 after acquiring an additional 206,347 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in Dell Technologies in the 2nd quarter worth approximately $260,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the transaction, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,376,935 shares of company stock worth $1,620,145,762. Company insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley increased their target price on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Wells Fargo & Company raised their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Sanford C. Bernstein reduced their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Bank of America boosted their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Citigroup cut their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $118.42 on Friday. The business’s 50-day simple moving average is $128.21 and its 200-day simple moving average is $125.03. Dell Technologies Inc. has a 52 week low of $70.89 and a 52 week high of $179.70. The firm has a market cap of $83.18 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 1.26 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 earnings per share. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

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).