Northwestern Mutual Wealth Management Co. Has $18.53 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Northwestern Mutual Wealth Management Co. increased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 13.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 134,363 shares of the technology company’s stock after acquiring an additional 15,664 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Dell Technologies were worth $18,532,000 at the end of the most recent reporting period.

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

Dell Technologies Stock Performance

NYSE DELL opened at $118.55 on Tuesday. The business has a fifty day moving average price of $110.17 and a 200 day moving average price of $124.61. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70. The company has a market cap of $84.09 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.25 and a beta of 0.90.

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

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s payout ratio is presently 36.33%.

Insider Activity

In related news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Dell Technologies 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 sale, the chief marketing officer now directly owns 89,294 shares in the company, valued at $13,035,138.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the sale, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,007,047 shares of company stock worth $2,265,595,745. 46.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on DELL shares. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Barclays raised their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Morgan Stanley cut their price target on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Wells Fargo & Company lowered their price objective on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a research note on Friday. They issued a “buy” rating and a $144.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

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).