Jackson Square Capital LLC Purchases 938 Shares of Dell Technologies Inc. (NYSE:DELL)

Jackson Square Capital LLC increased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,752 shares of the technology company’s stock after buying an additional 938 shares during the period. Jackson Square Capital LLC’s holdings in Dell Technologies were worth $1,354,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shelton Wealth Management LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $1,008,000. Arkadios Wealth Advisors lifted its stake in Dell Technologies by 12.1% in the fourth quarter. Arkadios Wealth Advisors now owns 14,704 shares of the technology company’s stock valued at $1,695,000 after buying an additional 1,583 shares during the period. InTrack Investment Management Inc grew its position in shares of Dell Technologies by 150.2% during the 4th quarter. InTrack Investment Management Inc now owns 13,516 shares of the technology company’s stock worth $1,474,000 after buying an additional 8,113 shares during the period. Brooklyn Investment Group increased its stake in shares of Dell Technologies by 18.7% in the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock valued at $70,000 after acquiring an additional 96 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of Dell Technologies during the 4th quarter valued at $417,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Mizuho dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Melius Research upped their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Citigroup cut their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Finally, Evercore ISI restated an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Stock Down 0.4 %

DELL stock opened at $109.65 on Friday. The firm has a market cap of $76.81 billion, a PE ratio of 19.37, a P/E/G ratio of 1.21 and a beta of 0.92. The business has a 50 day moving average of $123.00 and a 200-day moving average of $120.29. Dell Technologies Inc. has a 12-month low of $77.70 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 191.91%. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.62%. Dell Technologies’s payout ratio is 31.45%.

Insider Buying and Selling at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. This trade represents a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 945,407 shares of company stock valued at $115,573,009. Company insiders own 46.70% of the company’s stock.

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).