Erste Asset Management GmbH Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Erste Asset Management GmbH bought a new position in Dell Technologies Inc. (NYSE:DELL) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 70,983 shares of the technology company’s stock, valued at approximately $8,559,000.

A number of other large investors also recently bought and sold shares of DELL. International Assets Investment Management LLC boosted 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 acquiring an additional 2,415,234 shares in the last quarter. Alkeon Capital Management LLC grew its position in Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after purchasing an additional 699,204 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Dell Technologies by 103.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock valued at $156,275,000 after purchasing an additional 575,166 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in Dell Technologies in the third quarter worth about $65,280,000. Finally, Fred Alger Management LLC lifted its stake in shares of Dell Technologies by 124.8% in the third quarter. Fred Alger Management LLC now owns 605,332 shares of the technology company’s stock worth $71,756,000 after buying an additional 336,108 shares in the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Up 2.6 %

NYSE DELL opened at $127.59 on Monday. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70. The company has a market capitalization of $89.62 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The stock’s 50-day moving average price is $127.41 and its 200-day moving average price is $126.70.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 EPS. Research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DELL shares. Sanford C. Bernstein decreased their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Evercore ISI restated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Morgan Stanley lifted their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Raymond James lowered their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $148.18.

Insiders Place Their Bets

In related news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the sale, the chief executive officer now owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. The trade was a 9.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,962,112 shares of company stock worth $2,114,595,059. Corporate 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).