Clearbridge Investments LLC Boosts Stock Position in Dell Technologies Inc. (NYSE:DELL)

Clearbridge Investments LLC increased its position in Dell Technologies Inc. (NYSE:DELL) by 7.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 256,325 shares of the technology company’s stock after buying an additional 18,130 shares during the quarter. Clearbridge Investments LLC’s holdings in Dell Technologies were worth $35,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in shares of Dell Technologies in the 4th quarter valued at $25,000. Massmutual Trust Co. FSB ADV boosted its position in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares during the period. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies during the second quarter valued at about $28,000. New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies in the first quarter worth about $30,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Dell Technologies in the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on DELL shares. Raymond James decreased their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Susquehanna assumed coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. TD Cowen cut their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a research note on Friday, September 27th. They set a “buy” rating and a $144.00 price objective for the company. Finally, Morgan Stanley reduced their price target on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $143.50.

Dell Technologies Trading Up 2.0 %

NYSE DELL opened at $115.70 on Friday. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70. The stock’s fifty day moving average price is $109.95 and its 200-day moving average price is $124.52. The stock has a market cap of $82.07 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.25 and a beta of 0.90.

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

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $144.68, for a total transaction of $144,680,000.00. Following the sale, the director now owns 770,369 shares in the company, valued at approximately $111,456,986.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The disclosure for this sale can be found here. Insiders sold a total of 18,998,554 shares of company stock worth $2,264,348,973 in the last three months. 46.70% of the stock is currently owned by company insiders.

About Dell Technologies

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).