RWA Wealth Partners LLC Grows Holdings in Dell Technologies Inc. (NYSE:DELL)

RWA Wealth Partners LLC lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 89.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,080 shares of the technology company’s stock after buying an additional 4,753 shares during the quarter. RWA Wealth Partners LLC’s holdings in Dell Technologies were worth $771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its position in shares of Dell Technologies by 59.6% during the 3rd quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock worth $646,053,000 after buying an additional 3,499,760 shares in the last quarter. Morgan Stanley boosted its position in Dell Technologies by 96.9% during the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock valued at $346,137,000 after purchasing an additional 2,472,866 shares in the last quarter. Alkeon Capital Management LLC boosted its position in Dell Technologies by 241.9% during the third quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock valued at $294,453,000 after purchasing an additional 3,023,625 shares in the last quarter. Acadian Asset Management LLC boosted its position in Dell Technologies by 45.0% during the third quarter. Acadian Asset Management LLC now owns 3,216,861 shares of the technology company’s stock valued at $221,605,000 after purchasing an additional 998,298 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Dell Technologies by 31.7% during the third quarter. Jennison Associates LLC now owns 2,025,036 shares of the technology company’s stock valued at $139,525,000 after purchasing an additional 487,332 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Trading Down 0.4 %

Shares of DELL stock opened at $120.19 on Thursday. The stock has a 50 day moving average of $110.94 and a 200 day moving average of $87.44. The stock has a market cap of $85.79 billion, a P/E ratio of 27.50, a P/E/G ratio of 1.53 and a beta of 0.92. Dell Technologies Inc. has a twelve month low of $41.47 and a twelve month high of $136.16.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The company had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the business earned $1.55 earnings per share. Dell Technologies’s quarterly revenue was down 10.9% on a year-over-year basis. On average, research analysts predict that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be issued a $0.445 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 1.48%. The ex-dividend date is Monday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 40.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DELL shares. JPMorgan Chase & Co. increased their price target on Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. TD Cowen raised their price objective on Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. The Goldman Sachs Group raised their price objective on Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Wells Fargo & Company raised their price objective on Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, Sanford C. Bernstein raised their price objective on Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $104.63.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider Jennifer D. Saavedra sold 18,260 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total value of $2,193,026.00. Following the sale, the insider now directly owns 206,961 shares of the company’s stock, valued at $24,856,016.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Michael S. Dell sold 41,550 shares of Dell Technologies stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $107.03, for a total value of $4,447,096.50. Following the sale, the chief executive officer now directly owns 36,389,719 shares of the company’s stock, valued at $3,894,791,624.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the sale, the insider now directly owns 206,961 shares in the company, valued at $24,856,016.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,382,204 shares of company stock valued at $718,452,037. Company insiders own 48.60% of the company’s stock.

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).