Rhumbline Advisers Has $49.73 Million Stake in Dell Technologies Inc. (NYSE:DELL)

Rhumbline Advisers raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 284.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 360,591 shares of the technology company’s stock after acquiring an additional 266,732 shares during the period. Rhumbline Advisers’ holdings in Dell Technologies were worth $49,729,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Dell Technologies by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after acquiring an additional 647,192 shares during the period. Boston Partners lifted its position in shares of Dell Technologies by 2.1% in the 4th quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock worth $733,564,000 after acquiring an additional 197,435 shares during the period. Capital World Investors bought a new stake in shares of Dell Technologies in the 1st quarter worth approximately $835,946,000. Point72 Asset Management L.P. lifted its position in shares of Dell Technologies by 14.8% in the 4th quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock worth $309,458,000 after acquiring an additional 520,677 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Dell Technologies by 449.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after buying an additional 3,038,891 shares during the period. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Stock Down 1.7 %

Shares of NYSE:DELL opened at $107.17 on Friday. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70. The company’s fifty day simple moving average is $117.95 and its 200 day simple moving average is $122.95. The firm has a market cap of $76.02 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.43 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 182.71%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 earnings per share. Research analysts expect that Dell Technologies Inc. will post 6.86 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

Wall Street Analyst Weigh In

DELL has been the topic of a number of analyst reports. Sanford C. Bernstein lowered their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Wells Fargo & Company decreased their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. UBS Group decreased their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Dell Technologies in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.80.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the transaction, the director now directly owns 731,612 shares in the company, valued at approximately $116,172,669.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $158.79, for a total value of $61,799,321.31. Following the transaction, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the completion of the transaction, the director now owns 114,317 shares in the company, valued at approximately $15,462,517.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,902,278 shares of company stock valued at $942,086,320. Corporate 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).