Mirae Asset Global Investments Co. Ltd. Increases Stock Position in Dell Technologies Inc. (NYSE:DELL)

Mirae Asset Global Investments Co. Ltd. boosted its position in Dell Technologies Inc. (NYSE:DELL) by 6.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 52,440 shares of the technology company’s stock after purchasing an additional 3,144 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Dell Technologies were worth $6,142,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DELL. Hager Investment Management Services LLC purchased a new stake in shares of Dell Technologies during the 4th quarter worth about $112,000. Stratos Wealth Advisors LLC acquired a new position in shares of Dell Technologies during the 4th quarter valued at $792,000. Stratos Wealth Partners LTD. boosted its position in Dell Technologies by 32.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 26,936 shares of the technology company’s stock worth $3,104,000 after purchasing an additional 6,643 shares during the period. Yousif Capital Management LLC raised its position in Dell Technologies by 2.3% in the fourth quarter. Yousif Capital Management LLC now owns 34,425 shares of the technology company’s stock valued at $3,967,000 after purchasing an additional 788 shares during the period. Finally, Retirement Systems of Alabama lifted its stake in shares of Dell Technologies by 6.0% during the fourth quarter. Retirement Systems of Alabama now owns 66,504 shares of the technology company’s stock worth $7,664,000 after purchasing an additional 3,786 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 946,132 shares of company stock worth $115,660,009 over the last ninety days. 46.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DELL has been the topic of several analyst reports. Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Citigroup lowered their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Morgan Stanley raised their target price on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Melius Research increased their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Stock Performance

DELL stock opened at $106.45 on Friday. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70. The stock has a market capitalization of $74.56 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.10 and a beta of 0.90. The stock’s fifty day moving average is $114.90 and its two-hundred day moving average is $117.40.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating 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 191.91%. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter last year, the business earned $1.62 earnings per share. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. As a group, analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

Dell Technologies 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).