Bridgewater Advisors Inc. Acquires 241 Shares of Dell Technologies Inc. (NYSE:DELL)

Bridgewater Advisors Inc. increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,665 shares of the technology company’s stock after purchasing an additional 241 shares during the period. Bridgewater Advisors Inc.’s holdings in Dell Technologies were worth $1,708,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA boosted its holdings in Dell Technologies by 10.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 63,304 shares of the technology company’s stock worth $8,730,000 after acquiring an additional 5,821 shares in the last quarter. Amalgamated Bank bought a new stake in Dell Technologies during the 2nd quarter worth approximately $1,941,000. Brighton Jones LLC raised its stake in shares of Dell Technologies by 49.0% in the second quarter. Brighton Jones LLC now owns 3,580 shares of the technology company’s stock worth $494,000 after purchasing an additional 1,178 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Dell Technologies by 5.7% in the second quarter. Public Employees Retirement Association of Colorado now owns 37,058 shares of the technology company’s stock valued at $5,111,000 after purchasing an additional 1,983 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in shares of Dell Technologies by 45.0% during the second quarter. Westwood Holdings Group Inc. now owns 31,778 shares of the technology company’s stock valued at $4,383,000 after buying an additional 9,858 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DELL shares. Mizuho decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Melius Research lifted their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Barclays increased their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company boosted their target price on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $148.06.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 945,407 shares of company stock worth $115,573,009 over the last quarter. 46.70% of the stock is currently owned by insiders.

Dell Technologies Trading Down 0.4 %

Shares of DELL opened at $109.65 on Monday. Dell Technologies Inc. has a 1-year low of $77.70 and a 1-year high of $179.70. The firm has a market capitalization of $76.81 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.21 and a beta of 0.92. The firm’s 50-day moving average price is $123.00 and its 200-day moving average price is $120.13.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data 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. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.62%. Dell Technologies’s dividend payout ratio is 31.45%.

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).