The Manufacturers Life Insurance Company Buys 152,076 Shares of Dell Technologies Inc. (NYSE:DELL)

The Manufacturers Life Insurance Company boosted its position in Dell Technologies Inc. (NYSE:DELL) by 674.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,635 shares of the technology company’s stock after purchasing an additional 152,076 shares during the period. The Manufacturers Life Insurance Company’s holdings in Dell Technologies were worth $20,701,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tidal Investments LLC increased its holdings in Dell Technologies by 114.2% in the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after acquiring an additional 5,432 shares during the last quarter. Comerica Bank raised its position in shares of Dell Technologies by 48.4% in the first quarter. Comerica Bank now owns 28,556 shares of the technology company’s stock valued at $3,259,000 after purchasing an additional 9,307 shares during the period. Cetera Investment Advisers lifted its stake in shares of Dell Technologies by 156.3% during the 1st quarter. Cetera Investment Advisers now owns 82,664 shares of the technology company’s stock valued at $9,433,000 after buying an additional 50,411 shares in the last quarter. Cetera Advisors LLC grew its stake in Dell Technologies by 259.3% in the 1st quarter. Cetera Advisors LLC now owns 29,532 shares of the technology company’s stock valued at $3,370,000 after buying an additional 21,312 shares in the last quarter. Finally, Transcend Capital Advisors LLC bought a new stake in Dell Technologies during the 2nd quarter valued at $310,000. 38.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction 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 in the company, 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 legal filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. The trade was a 9.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,962,112 shares of company stock valued at $2,114,595,059 over the last ninety days. 46.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DELL. Morgan Stanley lifted their price target on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Bank of America lifted their price objective on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Susquehanna initiated coverage on Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price on the stock. UBS Group dropped their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Sanford C. Bernstein decreased 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 report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.18.

Dell Technologies Price Performance

Shares of DELL stock opened at $127.59 on Friday. The business has a 50-day moving average of $127.41 and a 200 day moving average of $126.86. Dell Technologies Inc. has a 1-year low of $67.51 and a 1-year high of $179.70. The stock has a market capitalization of $89.62 billion, a PE ratio of 22.54, a P/E/G ratio of 1.31 and a beta of 0.89.

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

Dell Technologies Dividend Announcement

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

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).