Anomaly Capital Management LP Takes $27.52 Million Position in Dell Technologies Inc. (NYSE:DELL)

Anomaly Capital Management LP purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 199,580 shares of the technology company’s stock, valued at approximately $27,524,000. Dell Technologies makes up about 1.0% of Anomaly Capital Management LP’s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors have also bought and sold shares of DELL. Capital World Investors bought a new position in shares of Dell Technologies during the 1st quarter valued at approximately $835,946,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Dell Technologies by 449.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after acquiring an additional 3,038,891 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Dell Technologies by 83.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after acquiring an additional 1,011,512 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Dell Technologies by 2,466.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock worth $67,810,000 after acquiring an additional 851,867 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in shares of Dell Technologies by 159.8% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock worth $154,396,000 after purchasing an additional 832,144 shares during the period. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Trading Down 0.2 %

Shares of NYSE DELL opened at $117.50 on Monday. Dell Technologies Inc. has a 12-month low of $63.90 and a 12-month high of $179.70. The stock’s fifty day simple moving average is $111.30 and its two-hundred day simple moving average is $124.35. The stock has a market capitalization of $83.34 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating 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 company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts predict that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

Insider Activity

In related news, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the transaction, the chief marketing officer now directly owns 89,294 shares in the company, valued at approximately $13,035,138.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction of $529,031.52. Following the transaction, the chief marketing officer now owns 89,294 shares in the company, valued at approximately $13,035,138.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of Dell Technologies 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 of the company’s stock, valued at $107,400,641.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,297,857 shares of company stock worth $840,653,193. Insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Raymond James cut their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Loop Capital lifted their target price on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Evercore ISI restated an “outperform” rating and issued a $140.00 price target on shares of Dell Technologies in a report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $139.19.

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).