Schonfeld Strategic Advisors LLC increased its holdings in shares of Dell Technologies Inc. (NYSE: DELL – Get Rating) by 686.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,600 shares of the technology company stock after acquiring an additional 66,862 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Dell Technologies were worth $ 4,303,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Rockefeller Capital Management LP increased its holdings in shares of Dell Technologies by 65.1% during the 4th quarter. Rockefeller Capital Management LP now owns 11,836 shares of the technology company stock worth $ 664,000 after acquiring an additional 4,668 shares during the last quarter. Congress Wealth Management LLC DE acquired a new position in Dell Technologies in the 4th quarter valued at $ 262,000. Third Point LLC grew its holdings in Dell Technologies by 7.1% in the 4th quarter. Third Point LLC now owns 3,600,000 shares of the technology company stock valued at $ 202,212,000 after buying an additional 240,000 shares in the last quarter. Brown Advisory Inc. grew its holdings in Dell Technologies by 1,368.0% in the 4th quarter. Brown Advisory Inc. now owns 31,930 shares of the technology company stock valued at $ 1,794,000 after buying an additional 29,755 shares in the last quarter. Finally, Candriam Luxembourg SCA grew its holdings in Dell Technologies by 61.7% in the 4th quarter. Candriam Luxembourg SCA now owns 97,864 shares of the technology company stock valued at $ 5,497,000 after buying an additional 37,344 shares in the last quarter. 30.05% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on DELL shares. TheStreet lowered Dell Technologies from a “b” rating to a “c +” rating in a report on Friday, February 25th. KGI Securities began coverage on Dell Technologies in a research report on Tuesday, April 19th. They set a “neutral” rating for the company. Citigroup cut their target price on Dell Technologies from $ 70.00 to $ 65.00 and set a “buy” rating for the company in a research report on Monday, May 23rd. The Goldman Sachs Group downgraded Dell Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $ 68.00 to $ 61.00 in a research report on Friday, April 1st. Finally, JPMorgan Chase & Co. cut their target price on Dell Technologies from $ 68.00 to $ 60.00 in a research report on Wednesday, May 25th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Buy” and an average price target of $ 71.77.
Shares of DELL stock opened at $ 49.16 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.78 and a debt-to-equity ratio of 2.23. Dell Technologies Inc. has a twelve month low of $ 38.33 and a twelve month high of $ 61.54. The company has a market cap of $ 37.38 billion, a P / E ratio of 6.74, a P / E / G ratio of 0.68 and a beta of 0.89. The business has a fifty day simple moving average of $ 47.00 and a 200 day simple moving average of $ 52.81.
Dell Technologies (NYSE: DELL – Get Rating) last announced its quarterly earnings data on Thursday, May 26th. The technology company reported $ 1.84 earnings per share for the quarter, topping the consensus estimate of $ 1.39 by $ 0.45. Dell Technologies had a return on equity of 126.94% and a net margin of 5.29%. The business had revenue of $ 26.12 billion during the quarter, compared to the estimate consensus of $ 25.23 billion. During the same period in the prior year, the company earned $ 2.13 EPS. Dell Technologies’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Wednesday, July 20th will be issued a $ 0.33 dividend. The ex-dividend date is Tuesday, July 19th. This represents a $ 1.32 dividend on an annualized basis and a yield of 2.69%. Dell Technologies’s payout ratio is presently 18.11%.
In other Dell Technologies news, General Counsel Richard J. Rothberg sold 64,892 shares of the company stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $ 47.52, for a total value of $ 3,083,667.84. Following the completion of the transaction, the general counsel now owns 160,212 shares of the company stock, valued at approximately $ 7,613,274.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Brunilda Rios sold 5,969 shares of the company stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $ 50.95, for a total value of $ 304,120.55. Following the completion of the transaction, the chief accounting officer now directly owns 18,985 shares of the company stock, valued at approximately $ 967,285.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 333,876 shares of company stock valued at $ 17,449,150. Insiders own 47.30% of the company stock.
Dell Technologies Profile: (Get Rating)
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.
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