Citizens Business Bank Has $3.75 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Citizens Business Bank raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 326.7% during the third quarter, HoldingsChannel reports. The firm owned 31,644 shares of the technology company’s stock after acquiring an additional 24,228 shares during the quarter. Citizens Business Bank’s holdings in Dell Technologies were worth $3,751,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp boosted its holdings in shares of Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after acquiring an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of 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 valued at $746,596,000 after buying an additional 2,641,456 shares during the period. International Assets Investment Management LLC raised its holdings in Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after buying an additional 2,415,234 shares during the last quarter. Alkeon Capital Management LLC grew its holdings 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 worth $254,479,000 after acquiring an additional 699,204 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Dell Technologies by 136.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,162,053 shares of the technology company’s stock valued at $137,750,000 after acquiring an additional 670,171 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Down 5.7 %

DELL stock opened at $116.81 on Wednesday. The business has a 50 day moving average of $128.00 and a 200-day moving average of $125.72. The firm has a market cap of $82.05 billion, a PE ratio of 20.64, a P/E/G ratio of 1.30 and a beta of 0.90. Dell Technologies Inc. has a 12-month low of $68.49 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates 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 for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 earnings per share. On average, research analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.52%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the sale, the director now directly owns 777,347 shares in the company, valued at $97,386,032.16. This represents a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 1,032,968 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $113.67, for a total transaction of $117,417,472.56. Following the transaction, the chief executive officer now directly owns 13,094,517 shares of the company’s stock, valued at approximately $1,488,453,747.39. This represents a 7.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,409,903 shares of company stock valued at $1,737,563,234 in the last 90 days. Insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DELL shares. Evercore ISI reissued an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Melius Research increased their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Susquehanna started coverage on Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective on the stock. UBS Group reduced their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, TD Cowen lowered their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Company Profile

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).