Sawgrass Asset Management LLC Acquires 2,518 Shares of Dell Technologies Inc. (NYSE:DELL)

Sawgrass Asset Management LLC increased its position in Dell Technologies Inc. (NYSE:DELL) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,254 shares of the technology company’s stock after purchasing an additional 2,518 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Dell Technologies were worth $1,988,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DELL. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies in the 4th quarter valued at approximately $28,000. True Wealth Design LLC raised its stake in Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares during the last quarter. MCF Advisors LLC raised its stake in Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after buying an additional 165 shares during the last quarter. Covestor Ltd raised its stake in Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after buying an additional 218 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the transaction, the director now owns 777,347 shares of the company’s stock, valued at $97,386,032.16. This trade represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 946,132 shares of company stock worth $115,660,009 over the last 90 days. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

DELL opened at $112.93 on Thursday. The stock has a market cap of $79.10 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 0.91 and a beta of 0.90. The stock’s 50 day moving average price is $113.92 and its 200-day moving average price is $117.18. Dell Technologies Inc. has a one year low of $80.49 and a one year high of $179.70.

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, topping the consensus estimate 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 company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the firm earned $1.62 earnings per share. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. As a group, analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.58%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Analysts Set New Price Targets

A number of research analysts have issued reports on DELL shares. Melius Research lifted their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI reissued an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Barclays lifted their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Mizuho cut their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. cut their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.47.

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).