Dell Technologies Inc. (NYSE:DELL) Stock Position Raised by Fifth Third Bancorp

Fifth Third Bancorp raised its position in shares of Dell Technologies Inc. (NYSE:DELL) by 14.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,809 shares of the technology company’s stock after acquiring an additional 3,816 shares during the period. Fifth Third Bancorp’s holdings in Dell Technologies were worth $3,550,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Burns J W & Co. Inc. NY acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $1,272,000. iA Global Asset Management Inc. increased its stake in Dell Technologies by 84.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after buying an additional 5,203 shares during the period. National Pension Service lifted its position in Dell Technologies by 8.8% in the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after buying an additional 50,304 shares in the last quarter. Sky Investment Group LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at $1,687,000. Finally, Enclave Advisors LLC acquired a new position in shares of Dell Technologies in the fourth quarter worth $848,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock valued at $115,660,009 in the last 90 days. 46.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent research reports. Mizuho cut their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Barclays boosted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Citigroup lowered their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Finally, Melius Research upped their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies Stock Performance

NYSE:DELL opened at $103.86 on Tuesday. The firm’s 50-day moving average is $120.76 and its 200-day moving average is $119.04. The company has a market cap of $72.75 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.22 and a beta of 0.92. Dell Technologies Inc. has a 52-week low of $80.49 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $24.67 billion. During the same period in the previous year, the company posted $1.62 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

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 paid 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 1.71%. Dell Technologies’s dividend payout ratio is currently 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).