Modus Advisors LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Modus Advisors LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,633 shares of the technology company’s stock, valued at approximately $188,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its holdings in Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after buying an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after purchasing an additional 2,641,456 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after purchasing an additional 2,415,234 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Dell Technologies by 2.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock worth $319,771,000 after buying an additional 51,804 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted its position in Dell Technologies by 48.3% during the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after acquiring an additional 699,204 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the sale, the director now owns 777,347 shares of the company’s stock, valued at $97,386,032.16. This trade represents a 11.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $3,066,560. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,920 shares of company stock valued at $15,426,444. Company insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DELL. Morgan Stanley raised their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Melius Research lifted 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. Barclays increased their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Susquehanna initiated coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies Trading Up 2.2 %

DELL stock traded up $2.60 during mid-day trading on Friday, hitting $119.13. 1,135,858 shares of the company were exchanged, compared to its average volume of 2,770,589. The firm has a fifty day simple moving average of $126.10 and a 200 day simple moving average of $122.55. The company has a market capitalization of $83.45 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $75.33 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share 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 during the quarter, compared to analyst estimates of $24.67 billion. During the same period in the previous year, the company earned $1.62 earnings per share. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 31.45%.

About Dell Technologies

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).