Dell Technologies Inc. (NYSE:DELL) Shares Bought by MML Investors Services LLC

MML Investors Services LLC increased its stake in Dell Technologies Inc. (NYSE:DELL) by 72.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,518 shares of the technology company’s stock after buying an additional 14,053 shares during the quarter. MML Investors Services LLC’s holdings in Dell Technologies were worth $3,973,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Clean Yield Group purchased a new stake in shares of Dell Technologies during the third quarter valued at approximately $25,000. Nemes Rush Group LLC purchased a new stake in Dell Technologies during the 2nd quarter worth $33,000. Crewe Advisors LLC purchased a new position in Dell Technologies in the 2nd quarter valued at about $34,000. True Wealth Design LLC grew its stake in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new stake in shares of Dell Technologies during the second quarter worth about $37,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of DELL opened at $118.42 on Friday. Dell Technologies Inc. has a 1 year low of $70.89 and a 1 year high of $179.70. The firm has a fifty day moving average of $128.21 and a 200-day moving average of $125.03. The company has a market cap of $83.18 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during 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 191.91%. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 EPS. Analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.50%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 500,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $117.93, for a total transaction of $58,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 36,412,241 shares of the company’s stock, valued at approximately $4,294,095,581.13. This trade represents a 1.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,376,935 shares of company stock valued at $1,620,145,762. 46.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent analyst reports. Melius Research raised their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. TD Cowen dropped their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Sanford C. Bernstein reduced their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Finally, Morgan Stanley lifted their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.06.

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).