Great Lakes Retirement Inc. Acquires 1,051 Shares of Dell Technologies Inc. (NYSE:DELL)

Great Lakes Retirement Inc. boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 9.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,150 shares of the technology company’s stock after buying an additional 1,051 shares during the period. Great Lakes Retirement Inc.’s holdings in Dell Technologies were worth $929,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DELL. Rise Advisors LLC grew its stake in shares of Dell Technologies by 200.0% in the third quarter. Rise Advisors LLC now owns 357 shares of the technology company’s stock valued at $25,000 after buying an additional 238 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at about $26,000. Brown Brothers Harriman & Co. bought a new stake in shares of Dell Technologies in the first quarter valued at about $27,000. Compass Wealth Management LLC acquired a new position in Dell Technologies in the fourth quarter valued at about $28,000. Finally, Tower Research Capital LLC TRC raised its stake in Dell Technologies by 263.8% in the first quarter. Tower Research Capital LLC TRC now owns 713 shares of the technology company’s stock valued at $29,000 after purchasing an additional 517 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of NYSE DELL traded up $2.41 during trading on Thursday, hitting $114.09. The company had a trading volume of 3,410,640 shares, compared to its average volume of 6,750,901. The stock has a 50 day simple moving average of $95.47 and a 200 day simple moving average of $79.95. Dell Technologies Inc. has a 12 month low of $38.64 and a 12 month high of $131.06. The firm has a market capitalization of $81.19 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 1.45 and a beta of 0.91.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s quarterly revenue was down 10.9% on a year-over-year basis. As a group, analysts predict that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.56%. Dell Technologies’s dividend payout ratio (DPR) is currently 33.87%.

Insider Buying and Selling

In other news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total value of $250,613,593.32. Following the completion of the sale, the director now directly owns 293,812 shares in the company, valued at $23,155,323.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total value of $250,613,593.32. Following the completion of the transaction, the director now directly owns 293,812 shares in the company, valued at $23,155,323.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Dell sold 624,450 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total value of $74,809,110.00. Following the transaction, the chief executive officer now owns 39,787,791 shares in the company, valued at $4,766,577,361.80. The disclosure for this sale can be found here. Insiders have sold a total of 9,558,306 shares of company stock worth $956,098,061 in the last ninety days. 48.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. TD Cowen boosted their target price on Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. Barclays increased their price target on Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. UBS Group upped their target price on Dell Technologies from $99.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Raymond James increased their price target on Dell Technologies from $68.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. Finally, Loop Capital started coverage on Dell Technologies in a research note on Wednesday, February 28th. They issued a “buy” rating and a $125.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $102.88.

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).