Massachusetts Financial Services Co. MA Has $8.73 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Massachusetts Financial Services Co. MA boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,304 shares of the technology company’s stock after purchasing an additional 5,821 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Dell Technologies were worth $8,730,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in DELL. Jones Financial Companies Lllp acquired a new stake in Dell Technologies in the 4th quarter valued at about $25,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after acquiring an additional 82 shares during the period. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies during the 2nd quarter worth approximately $28,000. New Covenant Trust Company N.A. bought a new stake in Dell Technologies in the 1st quarter valued at $30,000. Finally, Central Bank & Trust Co. acquired a new stake in Dell Technologies during the 1st quarter valued at $34,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the sale, the director now owns 731,612 shares in the company, valued at approximately $107,400,641.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael S. Dell sold 1,546,550 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $116.30, for a total value of $179,863,765.00. Following the completion of the sale, the chief executive officer now directly owns 11,912,241 shares in the company, valued at $1,385,393,628.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of Dell Technologies stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total value of $1,246,772.40. Following the transaction, the director now directly owns 731,612 shares in the company, valued at $107,400,641.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,297,857 shares of company stock worth $840,653,193. Insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock opened at $117.50 on Friday. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70. The stock’s fifty day moving average price is $111.30 and its two-hundred day moving average price is $124.31. The company has a market cap of $83.34 billion, a PE ratio of 23.98, a P/E/G ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.51%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Mizuho began coverage on Dell Technologies in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price on the stock. UBS Group dropped their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Finally, Barclays lifted their target price on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $139.19.

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).