Nisa Investment Advisors LLC Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

Nisa Investment Advisors LLC boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 31.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,512 shares of the technology company’s stock after acquiring an additional 2,502 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Dell Technologies were worth $1,211,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in shares of Dell Technologies in the second quarter valued at about $470,000. Toronto Dominion Bank increased its holdings in Dell Technologies by 10.1% in the second quarter. Toronto Dominion Bank now owns 25,546 shares of the technology company’s stock valued at $3,523,000 after buying an additional 2,340 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Dell Technologies by 9.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock worth $3,111,000 after acquiring an additional 1,902 shares in the last quarter. Creative Planning grew its holdings in shares of Dell Technologies by 112.0% in the 2nd quarter. Creative Planning now owns 84,744 shares of the technology company’s stock worth $11,687,000 after acquiring an additional 44,763 shares during the period. Finally, Nemes Rush Group LLC purchased a new position in Dell Technologies in the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays upped their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Mizuho lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Citigroup dropped their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $148.06.

Insider Buying and Selling at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 946,132 shares of company stock valued at $115,660,009. Company insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

DELL opened at $103.86 on Tuesday. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70. The business has a 50-day moving average of $120.76 and a two-hundred day moving average of $119.04. The stock has a market capitalization of $72.75 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its 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. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 earnings per share. Equities research analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 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).