International Assets Investment Management LLC Has $287.78 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

International Assets Investment Management LLC raised its stake in Dell Technologies Inc. (NYSE:DELL) by 19,376.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,427,699 shares of the technology company’s stock after purchasing an additional 2,415,234 shares during the quarter. International Assets Investment Management LLC owned 0.34% of Dell Technologies worth $287,779,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of DELL. Capital World Investors bought a new position in Dell Technologies during the 1st quarter valued at $835,946,000. DekaBank Deutsche Girozentrale raised its holdings 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 purchasing an additional 1,011,512 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in Dell Technologies by 159.8% during the first 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 last quarter. Nordea Investment Management AB grew its position in Dell Technologies by 303.6% in the 1st quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock worth $107,173,000 after purchasing an additional 705,167 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Dell Technologies by 103.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock valued at $156,275,000 after buying an additional 575,166 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $120.55 on Friday. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70. The company’s fifty day simple moving average is $116.30 and its two-hundred day simple moving average is $125.34. The stock has a market capitalization of $85.51 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 1.29 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 business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter last year, the company earned $1.44 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is presently 36.33%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the sale, the director now owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock worth $2,113,353,236 in the last three months. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of several recent analyst reports. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Bank of America lifted their target price on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company decreased their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Sanford C. Bernstein dropped their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Susquehanna started coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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).