Virtu Financial LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Virtu Financial LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 7,541 shares of the technology company’s stock, valued at approximately $894,000.

Several other hedge funds have also recently added to or reduced their stakes in DELL. National Pension Service boosted its holdings in shares of Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares during the last quarter. iA Global Asset Management Inc. boosted its stake in Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after buying an additional 5,203 shares during the last quarter. Woodmont Investment Counsel LLC purchased a new stake in Dell Technologies in the 3rd quarter valued at $5,780,000. Harvey Capital Management Inc. acquired a new stake in shares of Dell Technologies in the 3rd quarter worth $2,848,000. Finally, Chicago Capital LLC raised its holdings in shares of Dell Technologies by 3.7% during the 3rd quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock worth $14,399,000 after acquiring an additional 4,385 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $3,066,560. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now owns 16,912,241 shares in the company, valued at $2,070,058,298.40. This represents a 37.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,376,935 shares of company stock worth $1,620,145,762. 46.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DELL. Sanford C. Bernstein cut their price objective 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. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. UBS Group decreased their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Barclays raised their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Susquehanna initiated coverage on Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Trading Down 0.6 %

Dell Technologies stock opened at $118.42 on Friday. The firm has a market capitalization of $83.18 billion, a P/E ratio of 20.92, a P/E/G ratio of 1.26 and a beta of 0.90. The stock’s fifty day simple moving average is $128.21 and its 200-day simple moving average is $125.03. Dell Technologies Inc. has a twelve month low of $70.89 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter last year, the company earned $1.62 EPS. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year. Sell-side analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

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

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).