Fagan Associates Inc. Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

Fagan Associates Inc. boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 181.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,102 shares of the technology company’s stock after buying an additional 18,757 shares during the quarter. Fagan Associates Inc.’s holdings in Dell Technologies were worth $3,354,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DELL. State Street Corp grew its holdings in Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after purchasing an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC grew its holdings in Dell Technologies by 71.8% in the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after purchasing an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Dell Technologies by 19,376.1% in the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after purchasing an additional 2,415,234 shares during the last quarter. Alkeon Capital Management LLC grew its holdings in Dell Technologies by 48.3% in the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after purchasing an additional 699,204 shares during the last quarter. Finally, Swedbank AB grew its holdings in Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after purchasing an additional 1,690,709 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DELL has been the topic of several analyst reports. Barclays lifted their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Morgan Stanley cut their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Bank of America lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday. Melius Research lifted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Citigroup lowered 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. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $145.65.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $120.35 on Wednesday. The firm has a 50-day simple moving average of $112.99 and a two-hundred day simple moving average of $117.25. The company has a market cap of $84.30 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $80.49 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The business 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%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.62 earnings per share. Equities research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.48%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now owns 228,419 shares of the company’s stock, valued at approximately $28,739,678.58. This trade represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock worth $115,564,106 in the last 90 days. Insiders own 46.70% of the company’s stock.

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).