Todd Asset Management LLC Buys 6,393 Shares of Dell Technologies Inc. (NYSE:DELL)

Todd Asset Management LLC grew its stake in Dell Technologies Inc. (NYSE:DELL) by 1.6% during the fourth quarter, Holdings Channel reports. The firm owned 406,149 shares of the technology company’s stock after purchasing an additional 6,393 shares during the period. Dell Technologies makes up approximately 1.1% of Todd Asset Management LLC’s portfolio, making the stock its 26th largest position. Todd Asset Management LLC’s holdings in Dell Technologies were worth $46,805,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Burns J W & Co. Inc. NY bought a new stake in Dell Technologies during the fourth quarter worth $1,272,000. iA Global Asset Management Inc. lifted its holdings in Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after acquiring an additional 5,203 shares during the period. National Pension Service lifted its holdings in Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after acquiring an additional 50,304 shares during the period. Sky Investment Group LLC bought a new stake in Dell Technologies during the fourth quarter worth $1,687,000. Finally, Enclave Advisors LLC bought a new stake in Dell Technologies during the fourth quarter worth $848,000. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Down 3.0 %

DELL opened at $114.08 on Tuesday. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70. The stock has a 50-day moving average price of $113.00 and a 200-day moving average price of $118.08. The stock has a market capitalization of $79.91 billion, a P/E ratio of 20.16, a PEG ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the company posted $1.62 EPS. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors 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 dividend yield of 1.56%. Dell Technologies’s payout ratio is currently 31.45%.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Barclays boosted their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Citigroup reduced 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. Finally, Morgan Stanley reduced their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average price target of $145.00.

Insider Buying and Selling

In other news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now directly owns 228,419 shares of the company’s stock, valued at $28,739,678.58. This represents a 3.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 937,407 shares of company stock worth $114,418,186 in the last 90 days. Insiders own 46.70% of the company’s stock.

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).