ING Groep NV Acquires Shares of 39,231 Dell Technologies Inc. (NYSE:DELL)

ING Groep NV acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 39,231 shares of the technology company’s stock, valued at approximately $4,521,000.

A number of other institutional investors have also added to or reduced their stakes in DELL. Citizens National Bank Trust Department grew its holdings in shares of Dell Technologies by 21.8% in the fourth quarter. Citizens National Bank Trust Department now owns 19,289 shares of the technology company’s stock valued at $2,223,000 after purchasing an additional 3,448 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Dell Technologies by 101.0% in the fourth quarter. Handelsbanken Fonder AB now owns 183,991 shares of the technology company’s stock valued at $21,203,000 after purchasing an additional 92,438 shares in the last quarter. Private Wealth Partners LLC grew its holdings in shares of Dell Technologies by 13.1% in the fourth quarter. Private Wealth Partners LLC now owns 6,186 shares of the technology company’s stock valued at $713,000 after purchasing an additional 716 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Dell Technologies by 24.2% in the fourth quarter. Private Advisor Group LLC now owns 75,849 shares of the technology company’s stock valued at $8,741,000 after purchasing an additional 14,780 shares in the last quarter. Finally, Fagan Associates Inc. grew its holdings in shares of Dell Technologies by 181.3% in the fourth quarter. Fagan Associates Inc. now owns 29,102 shares of the technology company’s stock valued at $3,354,000 after purchasing an additional 18,757 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

DELL stock opened at $117.66 on Friday. The business has a 50-day moving average price of $113.12 and a 200 day moving average price of $117.42. The company has a market capitalization of $82.41 billion, a P/E ratio of 20.79, a PEG ratio of 1.11 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $85.40 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data 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. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the previous year, the company posted $1.62 earnings per share. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.51%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’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 owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the sale, the chief financial officer now directly owns 228,419 shares of the company’s stock, valued at $28,739,678.58. This trade represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 937,407 shares of company stock worth $114,418,186 over the last quarter. Insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DELL. Barclays raised their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Wells Fargo & Company raised their price target on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Evercore ISI restated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Finally, Citigroup lowered their price target on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research report on Friday. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $145.00.

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).