Assenagon Asset Management S.A. Makes New $1.87 Million Investment in Dell Technologies Inc. (NYSE:DELL)

Assenagon Asset Management S.A. acquired a new position in Dell Technologies Inc. (NYSE:DELL – Get Rating) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 37,212 shares of the technology company’s stock, valued at approximately $1,868,000.

Several other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Dell Technologies by 18.9% during the 4th quarter. BlackRock Inc. now owns 20,380,718 shares of the technology company’s stock worth $1,144,783,000 after purchasing an additional 3,239,000 shares during the last quarter. State Street Corp raised its position in shares of Dell Technologies by 4.0% during the 4th quarter. State Street Corp now owns 6,968,210 shares of the technology company’s stock worth $391,404,000 after purchasing an additional 269,899 shares during the last quarter. LSV Asset Management raised its position in shares of Dell Technologies by 149.4% during the 4th quarter. LSV Asset Management now owns 5,023,670 shares of the technology company’s stock worth $282,180,000 after purchasing an additional 3,009,083 shares during the last quarter. Third Point LLC raised its position in shares of Dell Technologies by 7.1% during the 4th quarter. Third Point LLC now owns 3,600,000 shares of the technology company’s stock worth $202,212,000 after purchasing an additional 240,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Dell Technologies by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 2,964,351 shares of the technology company’s stock worth $166,205,000 after purchasing an additional 205,383 shares during the last quarter. Institutional investors and hedge funds own 30.05% of the company’s stock.

In other Dell Technologies news, CAO Brunilda Rios sold 5,969 shares of the stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $50.95, for a total transaction of $304,120.55. Following the sale, the chief accounting officer now directly owns 18,985 shares in the company, valued at approximately $967,285.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. 47.30% of the stock is owned by corporate insiders.

DELL has been the subject of several research reports. Bank of America upped their price objective on shares of Dell Technologies from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, May 27th. Morgan Stanley dropped their price objective on shares of Dell Technologies from $60.00 to $56.00 and set an “equal weight” rating for the company in a research note on Friday, May 27th. Barclays upped their price objective on shares of Dell Technologies from $53.00 to $54.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 31st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Dell Technologies from $65.00 to $60.00 in a research note on Friday, May 27th. Finally, Citigroup dropped their price objective on shares of Dell Technologies from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, May 23rd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.38.

NYSE:DELL opened at $42.70 on Friday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.66 and a current ratio of 0.78. The stock has a market capitalization of $31.58 billion, a P/E ratio of 5.86, a PEG ratio of 0.60 and a beta of 0.89. The company has a 50 day moving average price of $46.19 and a 200 day moving average price of $51.11. Dell Technologies Inc. has a fifty-two week low of $38.33 and a fifty-two week high of $61.54.

Dell Technologies (NYSE:DELL – Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The technology company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.45. The firm had revenue of $26.12 billion during the quarter, compared to analysts’ expectations of $25.23 billion. Dell Technologies had a net margin of 5.29% and a return on equity of 126.94%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the company posted $2.13 EPS. Research analysts forecast that Dell Technologies Inc. will post 6.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Wednesday, July 20th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, July 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.09%. Dell Technologies’s payout ratio is currently 18.11%.

Dell Technologies Company Profile (Get Rating)

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.

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